The Naira on Wednesday continued to depreciate at the parallel market amid mixed reactions to the recent forex policy of the Central Bank of Nigeria.
The News Agency of Nigeria reports that the Nigerian currency lost N2 to exchange at N297 to the dollar, from N295 it traded on Tuesday.
It, however, traded at N197 to the dollar at the official interbank window.
Traders at the market said the demand for the greenback by importers had continued to fuel the depreciation of the Naira at the market.
Meanwhile, some stakeholders at the forex market have expressed divergent views on the impact of the recent forex policy of the apex bank on the fate of the Naira.
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