Naira on Thursday slipped to 485 to a dollar at the parallel market following the scarcity of the foreign exchange in the country.
Some traders in Lagos and Abuja said the naira slipped to near 490 a dollar in early trading before returning to 485 later.

They attributed the naira crash to the scarcity and speculations in the market.

Meanwhile some, traders are sceptical especially when buying the hard currencies due to the expectation to receive direct allocations from Central Bank likely from Friday.

The CBN allocation may likely ease the downturn of the local currency before the public holiday end on Tuesday.
Read more at http://www.dailytrust.com.ng/news/business/naira-slips-to-485-to-a-dollar/164532.html?__hstc=229596291.d2bd1a532e28a1f7fc9d274c3153b809.1474533618143.1475222875474.1475224748596.9&__hssc=229596291.1.1475224748596&__hsfp=1379707626#cGj1HM2jqItblGII.99

According to reports from abokifx.com, the Naira is currently doing 490 to a Dollar in the black market at the moment.

God Help Nigeria!!!!!

buhari oh

Seems it wants to hit N500 before Independence.

EnterPRO:
Seems it wants to hit N500 before Independence.

500 is here already