Although the parallel and interbank segments of the Nigerian forex market had gone two days unaffected by the raid of security operatives, scarcity of the dollar hit the parallel market on Tuesday, November 15.
It was gathered that tension ran through activities at the parallel market as traders fear that men of the Directorate of State Security, DSS, were disguising as potential forex buyers in the market.
Some operatives of the DSS had last week Thursday, November 10, raided some unregistered BDCs and parallel market traders over an alleged arbitrary sale of forex above the official price
As a result of this, currency traders said it was difficult to put a price on the dollar since it had become scarce.However, the Pound Sterling and the Euro closed at N560 and N500 at the parallel market.
Meanwhile, at the Bureau de Change window of the market, the naira traded between N385/N400 to the dollar, which is the Central Bank of Nigeria, CBN controlled rate, while the Pound Sterling and the Euro closed at N555 and N500, respectively.
