The naira on Friday exchanged at N335 to the dollar as the scarcity of the greenback worsened at the parallel market. The News Agency of Nigeria(NAN) reports that the naira lost N10 to exchange at N335 to the dollar, a depreciation of three per cent.
It previously traded at N225 to the dollar. Meanwhile, the official Central Bank of Nigeria(CBN) exchange rate remained at N197 to the dollar.
Traders at the market expressed worry at the increasing shortage of the greenback and urged the government to take immediate steps to stem the tide.