The naira tumbled further significantly at the parallel market on
Thursday, hitting 391 against the dollar as foreign exchange
scarcity continues to batter the economy of Africa’s largest oil
exporter.
The currency has entered a free-fall mode against the dollar at
the black market, having lost 26 per cent of its value in less than
two weeks.
The naira had exchange for one dollar at 372 on the streets of
Lagos, Abuja and other major cities on Wednesday.
The local currency, which closed at 310 against the greenback
last Monday, has been falling consistently and significantly in
the past 11 days.
Forex dealers and financial experts linked the persistent fall of
the naira to panic buying of the dollar and other major hard
currencies by importers, individuals and businessmen.
Bureaux De Change operators in Marina, Ikeja and Apapa and
Abuja told our correspondent on Thursday that there were no
signs yet that the rising demand for forex especially. http://www.punchng.com/naira-slumps-391dollar/

Wana go to bed wake me wen it finally gets to #500