Naira in all-time free fall, trades at N910 to dollar on the parallel market

The dollar is selling at N910/$, compared to N942/$ on Tuesday, according to data by AbokiFX, an online platform that tracks the exchange rate on the parallel market.


The development comes on the heels of plan by the Central Bank of Nigeria (CBN) to intervene in the continued fall of the naira against foreign currencies.


On the Investors & Exporters window, trading of the naira commenced at 785.89/$ and reached a high of 799.90/$ before closing at 774.77/$ on Tuesday; it closed at 764.68/$ on Monday.


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