Thescarcity of dollarsat the parallel market on Tuesdayin Lagosforced the Naira down to N480 to a dollar. The News Agency of Nigeria (NAN) reports that the Pound Sterling and the Euro exchanged at N610 and N550, respectively. Trading at the investors window saw the naira closing at N385.98 to a dollar as investors traded a total of 20.27 million dollars. The naira, however, was sold at N381 to a dollar at the official Central Bank of Nigeria window. NAN reports that the apex bank had hitherto relied on the nations…
Read MoreDollar scarcity worsens, forces Naira down
