The value of the Nigerian Naira had further depreciated to 210 and 213 on the Bureau De Change and black market respectively today Monday 16th Feb, 2015, News agency of Nigeria today reported.
Naira on Monday lost N2 to the dollar to sell at N210 at the Bureau De Change (BDCs) segment of the official market.
It also depreciated by N4 at the black market, selling at N213 to the dollar.
A dealer, who preferred anonymity, said that the depreciation might not be unconnected with the closure of trading at the interbank market by the Central Bank of Nigeria (CBN).
The dealer also said that the CBN’s decision which was meant to control speculations in the market might be responsible for the depreciation.
The Naira against the pound at the BDCs and black market sold for N307 and N314 respectively.
It, however, exchanged against the Euro at N235 at the BDCs, while it sold for N237 at the black market
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