Breaking: Nigerian Currency, Naira Is Now ?400 To $1 At The Parallel Market

Nigerian currency, the Naira, continues to depreciate in the parallel market on Thursday as it traded at 400 naira to a US Dollar.

The currency on Wednesday sold at N390 to a dollar but barely 24 hours, it has crashed by N15 to sell at new record low of N400 to a Dollar.

According to a Bureau De Change operator, the crash was due to soaring demand for the Dollar in the foreign exchange market.

More details to follow…