Naira depreciates further, exchanges for N980/$ at parallel market

The naira, on Wednesday, fell to N980 per dollar at the parallel section of the foreign exchange market.on September 13.

“This time, the rate is not affected by dollar scarcity; it is just a consequence of the new exchange rate regime,” a trader identified as Aliyu, told TheCable.put the buying price of the dollar at N970 and the selling price at N980 — leaving a profit margin of N10.

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