Naira plummets to N510 to $1

Naira plummets to N510 to $1
February 15 22:55 2017

The Naira is continuously losing its value at the parallel market as it has plummeted to N510 to one United State Dollars on Wednesday, and N625 and N535 to Pound Sterling and Euro, respectively.

The Nigerian currency lost three points at the parallel market to exchange at N510 on Wednesday after closing at N507 on Tuesday, while the Pound Sterling and the Euro exchanged at N625 and N535, respectively.

Trading at the Bureau De Change (BDC) window saw the Naira close at N399 to a dollar, while the Pound Sterling and the Euro traded at N626 and N537, respectively.

At the interbank window, the Naira traded at N305.50 to the dollar.