
Nigerian naira weakened against the dollar at the parallel market to trade at N570 amid demand for the currency during the yuletide season.
This is a drop of N5 or 0.9 percent from the N565 it traded last week.
Street traders across forex markets in Lagos quoted the rate at N570 to a dollar on Thursday.
A parallel market (street market) is characterised by noncompliant behaviour with an institutional set of rules.
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