June 9, 2023.Thank you for reading this post, don't forget to subscribe!
The Nigerian Naira on Thursday 8 of June, depreciated by 1.2 percent at the Investors and Exporters (I&E) forex window, as the dollar was quoted at N469.50 as against the last close of N464.67.
Most currency traders who participated at the foreign exchange auction on Thursday maintained bids between N460/$1, lower and N476.50/$1, higher bid.
Also, Nigeria’s currency slipped further against the American dollar by 0.26 percent as demand increased at the parallel market, also known as black market.
During the intraday foreign exchange trading on Friday, the dollar traded at the rate of N765 compared to N763 on the previous day at the black market.(www.naija247news.com).