Naira depreciates to N1,425/$ in parallel market

By Elizabeth Adegbesan The naira on Friday depreciated to N1,425 per dollar in the parallel foreign exchange market, compared with N1,422 per dollar recorded on Thursday. The local currency also weakened slightly at the Nigerian Foreign Exchange Market (NFEM), where it traded at N1,381.5 per dollar, according to data from the Central Bank of Nigeria…