By Jemimah Wellington, JKNewsMedia Reporter
THE NIGERIAN naira experienced a slight depreciation against the US dollar in the official foreign exchange market on Thursday, marking its third consecutive daily decline.
According to data from the Central Bank of Nigeria (CBN), the naira weakened to ₦1,538.66 per dollar on March 27, down from ₦1,537.62 the previous day, reflecting a marginal decrease of ₦1.04.
Conversely, the parallel market-maintained stability, with the naira trading at approximately ₦1,560 per dollar, unchanged from Wednesday’s rate.
The last appreciation of the naira in the official market occurred on March 24, when it strengthened to ₦1,531.19 per dollar from ₦1,536.89 on March 21.
Looking ahead, traders note that they anticipate the naira will remain relatively stable in the coming week, supported by central bank interventions.
