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Naira weakens to N1,507.83/$ - NIGERIAN TRIBUNE
Chima Nwokoji
The naira on Wednesday weakened to N1,507.83 per dollar at the official market as against N1,500.79 to the greenback on Tuesday.
The Tuesday rate marked a depreciation by 0.71 per cent as the dollar was quoted at N1,500.79, weaker than N1,490.20 quoted on Monday at the Nigerian Autonomous Foreign Exchange Market (NAFEM), data from the FMDQ Securities Exchange Limited showed.
At the parallel market, the local currency closed at N1,488 per dollar on Wednesday as against N1,484 to the dollar on Tuesday.
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Meanwhile, the Governor of the Central Bank, Yemi Cardoso, stated that the country has already experienced the worst of naira volatility regarding foreign exchange.
Cardoso said this in an interview on Tuesday in London while speaking to Bloomberg TV.
