By Modupe Gbadeyanka
The continuous raids of black market operators in major cities in Nigeria have further weakened the Naira against the Dollar.
At the parallel market on Wednesday, the local currency was exchanged for N492 per Dollar as demand for the foreign currency rises.
Since security operatives launched an attack on foreign currency hawkers, many of them have gone underground, forcing shortage of Dollar at the market segment.
It was gathered that the Naira traded for 605 to a Pound, while it was sold for 505 per Euro.
However, at the official interbank market, the Dollar was sold at N305.25, while it went for N399 at the CBN-controlled Bureau De Change (BDC) segment.
more recommended stories
Stocks May Open Lower Ahead of Fed Announcement
By Investors Hub The major U.S..
Firm Holds Educational Poultry Seminars for 700 Nigerian Farmers
By Modupe Gbadeyanka One of Nigeria’s.
NNPC, Mining Society Partner to Search for More Crude Oil Deposits
By Modupe Gbadeyanka Group Managing Director.
SEC Holds First 2018 CMC Meeting April 19
By Modupe Gbadeyanka The Securities and.