ABUJA, Nov 26 (Reuters) - Nigerian naira fell to a new low
of 488 in late trades on the black market on Thursday from 487
earlier as dollar scarcity hit the unofficial market, traders
said.
The naira has been weakening on the black market after
central bank set policies to restrict access to the official
window, thereby funnelling demand to the parallel market that
holds less than 5% of trades.