Information from the Central Financial institution of Nigeria, CBN, confirmed that the Naira weakened additional on Monday, falling to N1,367.61 in line with greenback from N1,361.84 recorded on the shut of buying and selling ultimate Friday.
Which means that the Naira depreciated via N5.77 in line with greenback on the authentic foreign currency marketplace when put next with the N1,361.84 recorded on the shut of buying and selling ultimate week.
In a similar fashion, on the parallel marketplace, the Naira weakened via N10 to N1,385 in line with greenback from N1,375 recorded ultimate week.
The depreciation around the foreign currency markets got here regardless of a upward push within the nation’s exterior reserves to $55.18 billion on Friday.
DAILY POST experiences that the Naira recorded a pointy decline in opposition to the greenback from Thursday to Friday ultimate week, shedding N22.12 in line with greenback.