The Naira on Monday gained marginally at the interbank
market, gaining N0.57 against the dollar. It closed at
N314.20 from N314.77 it traded at the interbank market on Friday. The Naira,
however, dipped three points to N425 at the parallel market, from its Friday
rate of N422 against the dollar.
Also at the parallel market, it traded at N537 and N465
against the Pound Sterling and the Euro respectively.
At the Bureau De Change (BDC) segment of the market, the
naira exchanged at N422, N535 and N464 to the dollar, Pound Sterling and the
Euro respectively.
Traders at the market said that the scarcity of forex was
responsible for the poor performance of the naira.
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