Street currency traders began the new week selling U.S dollars to their customers at N510 to a U.S dollar, check by Ripples Nigeria have shown.
Last Friday, the Naira lost N2 in value against the US dollar, selling for N510/$1 versus N508/$1 on Thursday.
Marking the end of five consecutive days of gains against the U.S dollar at the black market.
However, the Nigerian currency recorded a different outcome at the same unregulated segment of the market against the Pound Sterling and the Euro as it closed and started the new week at N705/£1 and N598/€1 respectively same rate it ended Thursday trade.
At the official market, data posted on the FMDQ Security Exchange showed that the naira closed at N411.50 per $1 on Friday.
This implies a N0.25 or 0.10 per cent devaluation from the N411.25 rate it exchanged hands with the hard currency in the previous session on Thursday.
What this means is that the difference between the both markets remains above N90.
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