Naira Depreciates At Parallel Market, Now N357/$1

By Esther Okafor

The Naira on Monday depreciates further at N357 against the dollar at the parallel market. The currency exchanged N350 on Friday. However it maintained stability with the Pounds Sterling and Euro, trading at N505 and N397 to each of them, respectively.

Meanwhile, the official rate remained at N197 to a dollar.