
The naira, on Tuesday, fell to N692 per dollar at the parallel market amid the lingering scarcity of the greenback.
The figure signifies a depreciation of N9 or 1.3 percent compared to the N683 it traded last week.
Bureaux De Change operators (BDCs) to TheCable that they purchase the greenback at N685/$, make a gain of N7 and then sell at N692.
According to the traders, the persistent naira depreciation is due to increased demand by customers and the scarcity of the dollar.
-The Cable
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