The Nigerian Naira, on Wednesday, November 23, closed at the rate N470 at the parallel segment of the foreign exchange market as a result of skeletal trading.
The parallel market had been at the center of the storm in the forex market, as security agents were on the lookout for currency traders, NAN reports.
Last week operatives of the DSS raided the market, leaving traders walking on eggshells. Also, the Central Bank of Nigeria, CBN, has thrown its weight behind the ongoing crackdown on currency traders at its Monetary Policy Committee, MPC, meeting on Tuesday, November 22.
Following the lingering tension in the market, the dollar has remained scarce and indications have emerged that the greenback might remain scarce as security operatives keep a close eye on traders.
Meanwhile, at the interbank market, the naira scooped 50k to close at N304.50 compared to N305 it traded on Tuesday.
Also, at the Bureau De Change window, the local currency was sold at N400 CBN controlled rate, while the Pound Sterling and the Euro traded at N565 and N500, respectively.
