The
Naira on Monday depreciated further against the dollar at the
parallel market.
The
Nigerian currency exchanged at N380 to the dollar, from N378 it
traded on Friday, while it exchanged against the Pound Sterling and
the Euro at N495 and N415, respectively.
At
the Bureau De Change segment of the market, the currency exchanged at
N378 for the dollar, N490 for the Pound and N413 against the Euro.
It,
however, appreciated at the interbank segment as it closed at N316.37
from N319.70 it posted on Friday.
Meanwhile,
traders at the market said that the scarcity of the greenback was
stifling activities at the market.
They
urged the Central Bank of Nigeria (CBN) to intervene in the foreign
exchange market to ensure greater stability of the naira.
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