The British Pound Sterling was sold at N432 yesterday while the Euro exchanged at N331 on the parallel market.
The interbank rate as set at by the Central Bank of Nigeria (CBN) remains fixed at 199.25 to the US dollar, 290.92 to British Pound Sterling and 223.24 to the Euro.
Pressure has continued to mount on the CBN to devalue the naira in order to adjust to the fall in the price of crude oil in the global market.
The naira had lost about 30% of its value at the parallel market following the suspension of the weekly auction to Bureau de Change operators (BDCs) last month by the CBN.
If you want to keep track of the issues and events that will effect the economy and the strength of the Naira, you can read our updates on the price of oil and the Naira – US Dollar exchange rate on the parallel market.
If you want a sneak peak, here’s one of our fantastic infographics on the naira and crude oil prices.
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