The naira depreciated against other major foreign currencies at the official, Bureau de Change and black markets on Friday, the News Agency of Nigeria (NAN) reports.
NAN reports that the naira had been recording losses in value against the dollar, pound sterling and euro since March 26.
The naira against the dollar stood at N156.01 at the official market, while it went for N158 at the Bureau de Change and N158.05 at the black market on March 30.
On March 30, at the official market, the pound was exchanged for N249.22 while it was N252 at both the black market and Bureau de Change.
The naira against the Euro was sold at N207.66 at the official market on March 30 against N206.48 it was sold on March 29.
Also at Bureau de Change, Euro was sold at N210 on March 30, compared to N209 it was sold on Thursday, March 29.
The naira was also sold at N211 to the Euro at the black market on March 30, as against N210.50 it was sold on March 29.
The Executive Secretary of the Financial Markets Dealers Association (FMDA), Mr Wale Abe, said that the depreciation in naira was as a result of the few supply of foreign exchange from the oil majors.
Abe said that “there would be appreciation automatically once there is high supply of the foreign exchange in the system by oil majors and sales of foreign exchange at the Wholesale Dutch Auction System (WDAS)’’.
The News Agency of Nigeria (NAN) reports that WDAS is a trading wing of the Central Bank of Nigeria (CBN) where foreign exchange is? sold to licensed operators.
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