Naira Tumbles To 403 Per Dollar At Parallel Market

The Naira fell to 403 against the dollar at the parallel market on Monday.

The CBN  had on Friday adjusted the official forex price from N306 to N360 per dollar, while it directed bureaux  de change to sell at N380 per dollar.

AbokiFx, a medium that publishes  daily Naira exchange rates, reported  that dollar was sold for N403 at the parallel market, with the operators buying  at N395 and selling at N403..

However, at the bureaux de change, operators on Monday adhered to the CBN directive by buying at N370 and selling at N380.