Naira devalued Against Dollar Again

The naira yesterday devalued against the dollar at the parallel business sector. The naira lost N0.5 toward the evening as it traded for N225.5 against the dollar, somewhat not as much as its past estimation of N225.

In the interim, at the interbank window, the naira traded at N197 to the dollar.

Merchants at the business sector said that the interest for dollar had been on the increment as agents and explorers purchased it for different reasons.