The naira fell again to 223 naira per dollar in the black market after the Central Bank of Nigeria closed the Retail Dutch Auction system and Wholesale Dutch Auction System Windows. At the Interbank Market the dollar also fell to 200 naira per dollar. The pounds did not fair any better, currently selling at 335 naira per pound. The unstability and volatility of the price of the dollar and pound has left business men both importers and manufacturers confused . Not only are the prices of dollar and pound rising and making it difficult for business men to work with a planned budget, they are scarce. We are hoping for stability in this foreign exchange market.
