Naira crashes to N410 to the Dollar at parallel market

The Naira on Tuesday sustained its loss against the dollar at the parallel market. This was in spite of the Central Bank of Nigeria (CBN)’s intervention at both the interbank market and Bureau De Change (BDC) window.

The News Agency of Nigeria (NAN) reports that the naira on Tuesday afternoon exchange between N405 (buying rate) and N410 selling rate at the parallel market.

NAN reports that it was weaker than N405 traded on Monday.

Also, the Pound Sterling and the Euro closed at N490 and N430 respectively.