The Naira on Monday weakened further against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports.
The currency exchanged at N357 for a dollar as against N350 it traded on Friday.
Meanwhile, pending the release of modalities for the operation of the proposed
flexible exchange rate, the official rate remained at N197 to a dollar.
Traders at the market decried the delay in the release of modalities as proposed by the Central Bank of Nigeria (CBN).
They expressed optimism that a flexible exchange rate would rejuvenate the market.