WATCH THE VIDEO HERE By Adedapo Adesanya It was not a pleasant day for the Naira in the Nigerian Autonomous Foreign Exchange Market (NAFEX) segment of the FX market on Tuesday as its value further depreciated against the United States Dollar by 0.03 per cent or 46 Kobo to settle at N1,509.45/$1 compared with the previous day’s rate of N1,508.99/$1. Also, the domestic currency weakened against the Pound Sterling in the spot market during the trading session by N55.48 to sell for N1,914.58/£1 compared with Monday’s closing value of N1,859.10/£1 and against the Euro, it lost N50.63 to quote at N1,624.42/€1 versus the preceding
Naira Value Shrinks to N1,509/$1 at NAFEX, N1,515/$1 at Black Market
