The Naira on Friday, August 26, continued its free fall at the parallel market to N412 per dollar, while it remained at N410 per dollar in some other parts of Lagos.
However, exchange rate firmed up at N314.95 per dollar at the interbank market at the close of trading, a more than N1 gain when compared with N316.57/$ it closed on Thursday.
The three-day pressure, which some money changers have attributed to difficulty in accessing forex from the banned banks, tightened dollar supply.
On Thursday, the naira closed at 409 per dollar on the parallel market. On the interbank market it traded at 315 compared with 305 the previous day.
However, exchange rate remained positive at N316.57 per dollar at the interbank market Thursday, a marginal loss when compared with N315.93/$ it closed on Wednesday.
On Wednesday, it reached a record low of N402, as ensuing crisis over the ban of nine banks on the foreign exchange market gained momentum.
