​​Naira continues to depreciate at the parallel market

The naira on Wednesday continued to depreciate against the dollar 

at the parallel market in spite of the sale of foreign currency to operators 

of Bureau de Change.

The naira lost N1.00 to the dollar on Wednesday afternoon as it traded 

N225 to the dollar as against N224 on Tuesday.

Meanwhile, the official interbank rate maintained its value at N197 to the dollar.

Traders at the parallel market said they had expected the naira to 

rebound after the sale of foreign currency by the Central Bank of Nigeria 

to BDC operators.​

​(NAN)