Naira Slides Further Down To N614/$ @ Parallel Market

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 93 total views,  93 views today Naira, Nigeria’s legal tender, has slid to N614 against the dollar at the parallel section of the foreign exchange market. The figure signifies a depreciation of N7 or 1.2 percent compared to the N607 14 days ago. Bureaux De Change operators (BDCs), popularly known as ‘abokis’, said in Lagos on Tuesday, that they purchase the greenback at N608/$, make a gain of N6, and then sell at N614. At the official market, the Naira also depreciated by 0.21 percent to close at N421/$ on Monday, information…

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