Also, the currency fell at the official market, after clinching a slight gain in the previous session on Tuesday., naira closed at N528.00 per $1 on Wednesday, the lowest ever recorded at the parallel market.
This represents a N2.00 or 0.40 per cent devaluation from N526.00 it traded in the previous session on Tuesday. The continuous decline of the currency has been majorly spurred by dollar scarcity and market sentiments resulting from the ban of forex sales to the Bureau De Change operators by the Central Bank of Nigeria.
Also, data posted on the FMDQ Security Exchange window where forex is officially traded showed that the naira closed at N411.50 per $1 at the official market on Wednesday. The currency’s performance on Wednesday indicates a N0.42 or 0.10 per cent decline from N411.08 it traded in the previous session on Tuesday.
Waiting we again before if we no lose