Business
Naira drops 0.2% to trade N578/$1 at parallel market
The naira, today, depreciated further against the dollar at the parallel section of the foreign exchange market.
Bureaux De Change operators (BDCs), popularly known as ‘abokis’, who spoke to newsmen in Lagos, quoted the naira at N578 to the dollar at the street market.
The figure is N1 or 0.2 percent lower than the N577 it traded two weeks ago.
The street traders put the buying price of the dollar at N574 and the selling price at N578, leaving a N4 profit margin.
Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.
She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others
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