Naira crashes further down

Naira was traded at N315 to one US Dollar at the two main market hubs in Lagos yesterday while black markerts sold N318 for USD1 but the Central Bank of Nigeria's rate was stll N197 and interbank rate N199. A black market operator informed the vanguard of why Naira is under pressure. According to the black market operator, this pressure on Naira comes as a result of shortage in supply of the foreign currencies since the apex bank stopped selling dollars to the Bureau De Changes .