The Naira has further depreciated against the US Dollar and other currencies as it crashed to N478 in the unofficial market today.
It traded at N475 on Wednesday at the parallel market which was pressured owing to Scarcity of the Greenback at the official market.
The local unit also lost grounds with the Sterling and Euro as the buy and sell rate for the British pound, was N605-N620 according to abokifx.
The rate was N600-N607 as at Wednesday, a development which indicates 2.14 percent appreciation.
The Euro also gained 1.44 percent on the Naira, buying and selling at N555-N565.
Up till 16 November, the Euro rate was N545-553.
The CBN official rate for the Naira pegs it at N380 to a dollar on Thursday.
The Pound is N504.52 and Euro N451.174, thus creating a N100 gap between official and unofficial rates.
