JUST IN: Again, Naira sinks as dollar appreciates (See exchange rate)

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Latest financial report reaching our news desk from Nigeria's economic capital city of Lagos, says the Naira has again nosedived.

On Tuesday, the Nigerian Naira exchanged for N368 on the parallel market as against N367 on Monday resulting from the scarcity of the greenback. 

The naira also depreciated against the dollar in the Nigeria Autonomous Foreign Exchange Market (NAFEX) also known as the Investors and Exporters window.

According to the Financial Market Dealers Quote (FMDQ), the indicative exchange rate for the window rose to N363.33 per dollar yesterday, up from N361.86 per dollar on Monday, translating to N1.47 depreciation of the Naira.

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