Naira exchanges at N510/$ at parallel market

The Naira has continued to depreciate at the parallel market in spite of the steady rise in the nation's foreign reserves.

The Nigerian currency lost three points at the parallel market to exchange at N510 on Wednesday after closing at N507 on Tuesday, while the Pound Sterling and the Euro exchanged at N625 and N535, respectively.

Trading at the Bureau De Change window saw the Naira close at N399 to a dollar, while the Pound Sterling and the Euro traded at N626 and N537, respectively.

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