Due to shortage of dollars, the naira at the parallel market on Thursday depreciated drastically as desperate importers scrambled for dollars to meet their obligations overseas.
The currency had closed at 318 against the greenback on Wednesday, after hitting 313.5 and 310 on Tuesday and Monday, respectively.
Some Bureau De Change Operators say they fear the naira will fall further in coming days if the central bank fails to lift the dollar restriction.


http://www.musbizubeat.com/2016/02/naira-now-n325-dollar/

cc, ishilove, lalasticlala

Dawn!
What other policy do our goverment need to implement for the dollar exchange rate to come down? this is really going wild

I believe this exchange rate debacle will force us to look inwards and not be a dependent economy.

We should be able to solve our problems with home made accessories, not dependent by default to 'compulsory imports'.

Dats obviously part of the plan b cos it is only a dumb govt dat doesn't realise d dollar restrictions on the Bureau de Change operators would only lead to further decline of the naira against the dollar.