The Naira, on Tuesday, December 6, continued its free fall at the Parallel or Black Market, sliding to N485 from N484 against the dollar.
Also the local currency slid to N600 from N590 against the British Pound Sterling, while maintaining the same rate against the Euro, trading at N510 per Euro as it was on Monday, December 5.
Meanwhile, the Nigerian Currency plunged from 305 to 315 per dollar, at the interbank market, while the pound traded for N401.
As at Monday, December 5, the naira tumbled to 485 against the dollar and traded at 600 against the British Pound Sterling at the parallel market.
Following the steady decline of the value of the naira at the foreign exchange market, traders have continued to stress that the raid on the market by DSS and EFCC operatives about two weeks ago has left the local currency feeble.
