The Nigerian Naira is currently trading at 800 per dollar in the parallel market.
According to reports by the People’s Gazette, the current parallel market rate N800 to a dollar and N890 to a British pound sterling.
The free fall continues as the ban placed on Bureau de Change Operators by the Central Bank of Nigeria, remains in place while the apex bank announced plans to redesign the country’s currency notes in response to the country’s economic situation.