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The exchange rate between the naira and the dollar fell to N1,040 at the parallel market as demand continues to outpace supply on a frequent basis.
Forex traders who spoke to Nairametrics indicate quotes for inflow range between N1035-N1045 to the dollar suggesting this was due to increased scarcity.
Meanwhile, the official exchange rate continues to trade at N776.8/$1 highlighting the disconnect between what Nigerians are experiencing outside of official channels.(Nairametrics)
