The dollar sold for N477 in the parallel market on Tuesday, odunews.com reports.
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The exchange rate had also closed at ₦477/US$1 on Monday 24th August 2020.
The exchange rate between the naira and the British pound sterling stands at ₦585/₤1 on Tuesday 25th August, as against ₦590/₤1 recorded on Monday 24th August 2020.
Recall that the Central Bank of Nigeria in April suspended sales of dollars to the Bureaux De Change operators, following a request by ABCON to the CBN to grant it market holidays, given the ongoing challenges faced in local and global economies from the coronavirus pandemic.
