Naira Hits 412 Per Dollar at
Parallel Market
Nigeria’s naira was quoted at an
all-time low of
412 per dollar on the parallel
market on Friday as
a dollar shortage persists, traders
said..
According to Reuters on account
of traders, some
bureaux de change operators
have been finding it
difficult to access their forex
account and get
dollar supply after the central
bank suspended
nine commercial lenders from the
market, putting
further pressure on the local
currency..
On Thursday the naira closed at
409 per dollar on
the parallel market. On the
interbank market it
traded at 315 compared with 305
the previous
day.
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