Amaka Obiefuna.

The naira fell further from N492 per dollar to N490 per dollar on Wednesday at the parallel market.

According to the News Agency of Nigeria (NAN), the Pound Sterling and Euro closed at N605 and N505 respectively.

Meanwhile, at the Bureau De Change (BDC) window, the naira traded at N399 per dollar, CBN rate while the Pound Sterling and Euro closed at N604 and N510 respectively.

The naira however remained stable at the official interbank window, exchanging at N305.25 per dollar.

It has also been gathered that the Ministry of Finance plans to partner with the Central Bank of Nigeria (CBN) to scrap the parallel market.