Naira plunges low at foreign exchange market despite security measures The Nigerian Naira has further decreased at the parallel market despite clampdowns by the federal government on foreign exchange market speculators. Earlier this month, Bureau De Change (BDC) hubs were raided in Abuja, Lagos and Kano and some operators were arrested. Despite the raids, the naira plunged further with a dollar exchanging for 1,900 in Abuja and Kano, and N1,800 in Lagos; while the British Pound was exchanged for N2,250. However, at the official market, the naira recorded a marginal gain closing at...