The Nigerian Naira has dropped N4 against the dollar in the foreign exchange market on Thursday even as crude oil prices increase.
The exchange rate was N477 for one dollar in the parallel market.
The naira also depreciated against the British Pound by N3 exchanging for N655 for one pound; and against the Euro by N5 exchanging for N575 for one euro according to abokiFX.
On Wednesday, Bonny Light crude oil price was $64.590 per barrel.
Â