Tuesday, February 27, 2024

Naira Slips to N1,175/$ in Parallel Market

The Naira declined to N1,175 per dollar in the parallel market on Thursday, marking a 0.43% decrease from Monday’s rate of N1,170.

Bureau De Change operators in Lagos quoted a buying rate of N1,160 and a selling price of N1,175, with a profit margin of N15.

Traders attribute the December dip to increased demand. On December 6, the Central Bank of Nigeria approved a revised service charter aimed at enhancing customer experience and ensuring compliance with laws and international commitments, according to Governor Olayemi Cardoso.

More from author

- Advertisment -spot_img