Hot Stories

I Underestimated The Extent Of My Influence And Potentials - Ghanaian Media Personality, Serwaa Amihere Reacts To Her Leaked S3x Tape

Omotola Jalade Meets Davido, Shares Sweet Hug (Video)

Davido Flaunts New $200K Diamond Encrusted Teeth (Video)

Girlfriend Raises The Bar As She Shows Off The Gifts She Got For Her Man On His Birthday

Dey Play - Nigerians Mock Prophet Who Claimed World Ends Today

Nicki DaBarbie Shares Test Result, Outcome Leaves Many Shocked

Spyro Shares Adorable Photos Of His Twin Sister

Your Legacy Will Never End – Illbliss Remembers Late Indigenous Rapper, Dagrin

Nigerian Lady Explains Why Marriages Work Better Abroad (Video)

Singer, Shine TTW Narrates How Lagos Policemen Damaged His Car, Harassed Him After Tagging Him Fraudster

Thank You For Always Bringing So Much Love With You – Warri Pikin Celebrates RMD As He Visits Her Family (Photo)

It's Difficult To Say RIP - Zubby Michael Posts Junior Pope On Instagram After He Was Dragged For Not Mourning

You Can’t Stand Beside Me And Say Something Negative About Davido - Sabinus

I Told My Friend That I Liked A Guy We Both Knew, She Smashed Him The Next Day And Gave Me A Review - Woman Says

Abroad-Based Nigerian In Tears Over Failure to Make it in UK

Female Corper Shares Video Of Oversized Shoes She Was Given At Orientation Camp

Davido Reveals Huge Amount He Made From His Sold Out Concert at Madison Square Concert (Video)

Actress Tolulope Onamade Reveals How She Was Nearly Used for Rituals After Joining Friends for Hook-up

Isaac Fayose Reveals Why Many Women Choose To Marry Portable (Video)

Korra Obidi’s Ex, Justin Dean Laments as 4-year-old Daughter Twerks Like Mother

Naira Depreciates Further Against Dollar At The Parallel Market...See Latest Exchange Rate

Posted by Thandiubani on Mon 19th Nov, 2018 - tori.ng

The Nigerian naira has recorded a downward slide against major currencies at the parallel market.

Naira

The Naira on Friday depreciated further against the dollar at the parallel market in Lagos, exchanging at N363 to the dollar, weaker than N362.5 traded on Thursday.

The pound sterling and the euro were sold at N478 and N418, respectively.

At the bureau de change window, the naira exchanged at N360 to the dollar while the pound sterling and the euro were sold at N478 and N418, respectively.

Trading at the investors’ window saw the naira closed at N364.01 while the daily market turnover stood at 108.17 million dollars.

A reliable source at the foreign exchange market told the News Agency of Nigeria (NAN) that political activities and importers’ demand for end-of-the-year shipments were responsible for the spike in the exchange rate.

He added that anxiety and uncertainty in the market also contributed to the depreciation of the naira.