Naira Depreciates At The Parallel Market

The Naira on Friday depreciated against the dollar at the parallel market.

The Naira lost N0.5 in the afternoon as it exchanged for N225.5 against the dollar, slightly less than its previous value of N225.

Meanwhile, at the interbank window, the Naira exchanged at N197 to the dollar.

Traders at the market said that the demand for dollar had been on the increase as businessmen and travelers bought it for various reasons.