The naira, Wednesday, depreciated further to N305 per dollar as scarcity of dollars intensified in the parallel market.
From an average of N287 per dollar, Tuesday, the parallel market exchange rate rose to an average of N305 per dollar across the country.
Since Monday when the Central Bank of Nigeria (CBN) stopped the weekly dollar sales to Bureaux De Change (BDCs), the naira has been depreciating against the dollar.
BDC sources who confirmed the development to Vanguard however said that the exchange rate situation is uncertain as the rate changes from time to time.
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