The unit closed at N200.60 to the dollar, weaker than Friday’s close of N199.50. The naira traded at N215 to the dollar at the parallel market, operated by Bureau de Change agents.
The naira crashed through a psychologically important level of N200 to the dollar this month in a rout triggered by weak oil prices and escalating tension over the postponement of a presidential election in Nigeria, prompting the CBN to scrap its bi-weekly forex auctions.
No comments:
Post a Comment