On Wednesday, the naira exchanged at 1,185/$ at the parallel market, as the liquidity challenge persisted.
According to The Punch, some Bureau de Change Operators said there was a slight improvement from 1,190/$ traded on Tuesday.
On AbokiFX, the naira was bought and sold at 1,170/$ and 1,175/$; 1,510/ £ and 1,550/ £; and €1,280 and €1,300 respectively on Wednesday.
A BDC operator, Jubril Mutiu, said, “We sold the naira at 1,185/$ today, it was 1,190/$ yesterday; we are buying at 1,175/$ today.”
Another BDC operator, Ismail Ahmed, said, “There is still a scarcity challenge. We are buying and selling at 1,180/$ and 1,200/$. It was cheaper last weekend, but it has gone up because of scarcity.”
Last week, the naira hit a high of 1,310/$ on Tuesday before closing at 1,150/$ at the parallel market on Friday.
However, on the Investor & Exporter forex window, the naira commenced trading at 798.75/$ and rose to a high of 1,101/$ before closing at 786.02/$ on Wednesday.
It had earlier closed at 905.75/$ on the official trading platform on Tuesday according to figures obtained from the FMDQ.
The I&E window however recorded a total turnover of 105.98m at the end of Wednesday trading.

Alleluia is the Assistant Editor and Content Writer at LagosPost.ng. She is a prolific writer and editor, she has written features and news stories on Lifestyle, Sports, Business, Politics and B2B marketing. She is also an event coordinator, host and social media content creator.