Nigeria's naira hit a
fresh low on the black market on Wednesday and the head of its bureau de change
association urged his members to help stabilise the currency, whose continued
weakness had become a "major concern" to the Central Bank of Nigeria
(CBN).
"The growing spikes
in the parallel market to over 500/$ is becoming a major concern to the central
bank ... and detrimental to the cordial relationship existing between us and
regulators," Aminu Gwadabe told members.
The naira was quoted
between 507 and 510 per dollar on the black market, traders said.
-REUTERS
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