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Naira down to new low at parallel market, now N710 per dollar

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Naira rebounds to 16-week high, trades N1,518/$

The naira slid down to a new low on Wednesday, exchanging at N710 against the US dollar on exchange platform Aboki Forex.

Aboki Forex is a platform that provides update on the exchange rate of the Nigerian currency at the street market.

Meanwhile, the naira is currently exchanging at N705 on per-to-pier exchange.

But while the parallel market values continues on a free fall, the official value still hovers around N430 to a dollar