The naira extended its decline against
the United States dollar on Thursday, falling to 302 at the parallel
market, down from 300 on Tuesday.
The currency had sunk to a record low of
300 per dollar at the parallel market on Tuesday, a day after the
Central Bank of Nigeria stopped dollar sales to Bureau De Change
operators.
The exchange rate of the naira to the
greenback stood at 199.45 at the official interbank market on Wednesday,
according to data obtained from the FMDQ OTC Securities Exchange.
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