Naira depreciates further at parallel market

News Express |6th Oct 2015 | 3,229

The naira on Monday further depreciated against the dollar at the parallel market.

The naira lost N1.50 to the dollar as it was traded at N225.5 to the dollar at the parallel market on Monday afternoon.

This is against the N224 to the dollar recorded last Friday.

Meanwhile, the official interbank rate also dropped by 0.05 to N196.95 to the dollar.

Traders at the parallel market attributed the depreciation of the naira at the market to insufficient quantity of dollar at the market. (NAN)

•Photo shows CBN Governor Godwin Emefiele.

Comments

Post Comment

Bandits violate peace deal, abduct university student, others in Katsina

Nigerian poisoned in Burkina Faso, rescued by Okpebholo

Anthony Joshua set for first fight in Africa next year, FG gives backing

Step-by-step guide for checking 2025 NECO results

Dele Momodu hosts Peter Obi for breakfast in Accra

Rivers Emergency Rule: Rights group moves for impeachment of CJN Kekere-Ekun

4,000 CNG Trucks: Probe Dangote’s road safety records, DAPPMAN tells FRSC

NELFUND: Students raise job, repayment concerns

Police announce burial arrangements for ex-IG Arase

Fire Disaster: Elumelu aborts US trip, mourns victims

Traditional rulers’ stool tears Ebonyi community apart as govt intervenes, calls for peace

Itsekiri youths allege territorial plot, urges Delta govt to restore order

INEC alerts Nigerians against fake recruitment scheme

Abia lawmaker dumps APC for Labour Party

CAN urges regulation of church-run maternity homes in Cross River

Adamawa govt. demolishes 2,000 illegal shops in Yola

Takang, Ladid lead Africa’s digital sovereignty debate at DACE 2025

Emerge Women hosts special dialogue on reserved seats bill under SheThePeople Platform

Group seeks urgent action to rescue 600 trafficked children from Kano

Osun JUSUN issues 3-day warning strike over unpaid entitlements

Thursday, September 18, 2025 1:57 AM

GOCOP Accredited Member

NEWS EXPRESS is Nigeria’s leading online newspaper. Published by Africa’s international award-winning journalist, Mr. Isaac Umunna, NEWS EXPRESS is Nigeria’s first truly professional online daily newspaper. It is published from Lagos, Nigeria’s economic and media hub, and has a provision for occasional special print editions. Thanks to our vast network of sources and dedicated team of professional journalists and contributors spread across Nigeria and overseas, NEWS EXPRESS has become synonymous with newsbreaks and exclusive stories from around the world.