Naira falls to N395/Dollar

On Monday, the naira depreciated further at the black market despite the commitment and efforts of the Central Bank of Nigeria (CBN) to boost liquidity in the market.
The naira lost two points to exchange at N395 to the dollar from N393 recorded on Friday, while the pound sterling and the Euro closed at N480 and N415, respectively.
At the Bureau De Change (BDC) window, the naira was sold for N362 to the dollar, while the Pound Sterling and the Euro closed at N483 and N430, respectively.
The naira traded at the interbank market at N306.3 to the dollar. Traders at the market expressed optimism that the naira would bounce back as the CBN continued to boost liquidity at the interbank market and the BDC sector in the week.