The naira has dropped to N930 per dollar at the parallel section of the foreign exchange (FX) market.
According to reports, the plunge was due to the scarcity of the greenback.
Grow your business with us
The traders put the buying price of the dollar at N925 and the selling price at N930 to make a profit of N5.
At the official market, the local currency closed at N742.10 on Tuesday, according to data from FMDQ Securities Exchange, a platform that oversees official foreign exchange trading in Nigeria.
