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Nigerian currency depreciates against the three major currencies in Forex markets.

The Nigerian currency on Wednesday depreciated against the three major currencies in all the segments of the Forex market.

At the Interbank market, the Naira fell by 0.25 points to exchange at N310.08, from N309.83 posted on Tuesday.

Trading at the Bureau De Change, BDC market showed that the naira lost 1 point to close at N424 from N423 traded on Tuesday while it exchanged at N549 and N468 against the Pound Sterling and the Euro.

The naira crashed further at the parallel market, exchanging at N428, N550 and N468 to the dollar, Pound Sterling and the Euro, from N424, N550 and N471 respectively, posted on Tuesday. Currency traders said that liquidity challenges at the Forex market were far from being resolved.

 

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