At the parallel market, Naira depreciates against dollar
Report is showing that, today, 27th of April, Naira exchange rate with the dollar depressed a bit in the parallel market. The depression shows a fall of 2 points. From 388 naira to 390 naira.
Meanwhile the local money remain the same in relation with Euro and pound sterling rating 415 and 495 respectively.
However, looking at the trading at the interbank window, naira to dollar was 305.85 naira, while at the Bureau De Change window, it was 362 naira.
Moreover, economist's view on this is that, the only solution is if the multiple exchange rate is scrapped..
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