The naira has maintained a rate of above the N1200/$ band at the unofficial market for days, bringing about a break in its weekly gains against the dollar.
Findings by this newspaper showed that on Sunday, the naira traded at N1,207/$ at the parallel market, representing a 15 per cent weekly decrease from N1,050/$ recorded last Monday.
The situation, it was learnt, is due to increased dollar demand.
On Friday, the naira lost 1.38 per cent of its value against the dollar at the official market, dropping to N1,169.99 from N1,154.08 the previous day.
