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Dollar Sells For N477 In Parallel Market

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The dollar sold for N477 in the parallel market on Tuesday, odunews.com reports.

Dollar Sells For N477 In Parallel MarketNaira To N380 Per Dollar
Dollar Sells For N477 In Parallel MarketNaira To N380 Per Dollar

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.

Adelowo Adegboyega
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