The local currency lost 1.1 points to exchange at N362.3, weaker than N361.2 posted on Friday, while the Pound Sterling and the Euro and Dollar closed at N497 and N429, respectively.
At the Bureau De Change (BDC) window, the naira was sold at N362 to the dollar, while the Pound Sterling and the Euro closed at N497 and N429, respectively.
Trading at the investors’ window saw the naira close at N361.57, while it was sold at N305.8, CBN rate.
Currency traders express confidence that the naira would witness better times as the currency- swap deal between Nigeria and China gets underway.
Meanwhile, experts are worried that political spending in the months ahead might affect the stability of the naira.
It is understood that the aggressive liquidity mop up operations conducted by the Central Bank of Nigeria (CBN) last week is expected to persist this week as inflow of N330 billion boost interbank money market liquidity.
In a bid to tackle excess liquidity in the interbank money market, worsened last week by inflow of N290 billion, the apex bank mopped up N454 billion from the market by selling secondary market (Open Market Operations, OMO) treasury bills.



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https://lailasnews.com/naira-weakens-against-dollar/

They should hurry up with the currency swap deal thingy abeg...No time!

Good news for working boys!!
Make ein appreciate reach N500 abeg.

Mariangeles:
They should hurry up with the currency swap deal thingy abeg...No time!

You won't notice much changes in the value of the Naira with the currency swap!

Am I the only one that is not surprised by the news
The force behind naira crashing is more than the force of gravity.

DoyenExchange:
You won't notice much changes in the value of the Naira with the currency swap!

...but it'll help those importing from China