Naira slumps against Dollar at foreign exchange market

The Naira has resumed depreciation against the Dollar successful the overseas speech market.

FMDQ information showed that the Naira depreciated to N1402.67 per Dollar connected Thursday from N1,390.96 connected Tuesday.

This represents an N11.71 nonaccomplishment compared to the N1,390.96 recorded connected Tuesday.

Meanwhile, astatine the parallel market, the Naira appreciated to N1340 per Dollar connected Thursday from N1360 per Dollar connected Tuesday.

DAILY POST reports that the National President of the Association of Bureaux De Change of Nigeria, Aminu Gwadabe, said its plans to harmonize the retail extremity of overseas speech will stabilize the Naira successful the forex market.