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.
Currency hits record low of 412 to dollar on parallel market - traders
Traders said some bureaux de change operators have been finding it difficult to access their forex account.
Traders said 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.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Intrigue as Kano Senator donates 1 million clay pots, burial materials to constituents
Delta, Nigeria’s highest oil & gas producer laments epileptic power supply
Telegram powered crypto casino, TG.Casino, signs partnership with AC Milan
Measles kills 42 children in Adamawa, Govt extends resumption date to May 13
Here's why Nigeria's Remi Tinubu was picked as 9th most decent first lady in Africa
Ikeja Electric slashes electricity tariff for Band A customers
ICPC wants Osun corps members to join war against corruption in Nigeria
Edo assembly suspends 3 lawmakers after uncovering plot to impeach speaker
PHOTOS: Tragic scenes as fire guts residence of ex-Kano governor
ADVERTISEMENT