The Naira, on Wednesday, November 16, took a dive at the parallel market dropping N10 to trade at N465/$1 in contrast to the N455/$1 it traded on Tuesday, November 15.
The price of the local currency against the dollar at the Parallel Market on Tuesday had been uncertain as scarcity of the greenback hit the market hard.
Currency traders had 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.
It was learnt that the tension that 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, lingered as Naira took a plunge.
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
