The naira is currently taking its deepest dive on the interbank market
since the launch of the new foreign exchange regime about a month ago.
Naira, which opened at about 294 to a dollar on Thursday, slid
pass the 300-mark to trade at 310 to a single dollar on the official market.
The Central Bank of Nigeria (CBN) refrained from intervening in
the market as the naira took its biggest daily loss in about four weeks.
Parallel market sales is already being affected by the new
movement, as traders in Lagos are now trading at 377 to the dollar, as against
375 at the start of business on Thursday.
-Thecable
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