The Nigerian
Naira traded at 250 naira on the unofficial market today, just up from Friday's
low of 251, as dollar shortages hit bureaux de change operators.
Traders said
nearly half of 2,818 bureaux de change operators were denied access to the
central bank's dollar sale last week because of incomplete documentation,
weakening the naira.
At the
inter-bank market, the naira traded at 198.90 to the dollar, around a rate it
has been pegged to since February.
Traders
expect dollar allocation to BDC agents to increase on Wednesday as companies
update their records with the central bank.
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