The Naira, on Wednesday, November 23, bounced back against the dollar at the interbank or Spot FX market, gaining 50k to close at N304.50 compared to N305 it traded on Tuesday.
Meanwhile at the parallel market, the Nigerian currency closed at N470 to a dollar, while the Pound Sterling and the Euro closed at N565 and N500, respectively.
At the Bureau De Change (BDC) window, the local currency was sold at N400, which is the Central Bank of Nigeria, CBN controlled rate.
On the other hand, the naira exchanged for N565 to the British Pound Sterling, while the naira traded for N500 to the Euro.
According to traders, the dollar scarcity persisted in the foreign exchange market as dealers seek more unconventional ways of meeting the needs of their customers.
