The value of the naira fell further by 1.68 per cent against the dollar at the official market on Thursday.

At the Investor & Exporter foreign exchange window, the local currency opened at 413.15/$1 on Thursday but closed at 422.07/$1.

The naira had depreciated by 0.19 per cent to 415.10/$1 on Wednesday after closing at 414.30/$1 on Tuesday.

At the parallel market, the dollar was bought at N565 and sold for N570, according to some operators in the black market.

The Central Bank of Nigeria, however, maintained N410.91/$1 as its official rate on its website.

In July, the CBN stopped forex sales to the Bureau de Change operators and assured that it would supply forex to legitimate users through the banks.

Sonicroyel:
Upon the hunting cbn has been doing ??.
These financial heads are just too clueless abeg

treesun:


See what Abokifex has caused again!

Sonicroyel:


Dey dn shut down maybe this one na Mallam FX

The naira had depreciated by 0.19 per cent to 415.10/$1 on Wednesday after closing at 414.30/$1 on Tuesday.

At the parallel market, the dollar was bought at N565 and sold for N570, according to some operators in the black market.

treesun:


Hope they will shut that one down too for publishing wrong figures.

TripleOh7:
Very soon, toilet paper will be more valuable than the Naira.

In other words we go soon dey use Naira notes dey clean yansh for toilet.

SarkinYarki:



Toilet paperis already 200 times more valuable than the naira ... One naira can't buy toilet paper

Biafrarep:
Middle class has been wiped out completely in Nigeria. Now it's either you're among the 1% wealthy that includes politicians and elite, or you're among the 19% poor or 80% dirt poor.

Don't delude yourself, having a car or living in a good house in Nigeria now does not mean you're rich. How can you be rich yet you struggle to fuel your car, struggle to fill your gas, struggle to pay rent, struggle to pay fees, and even struggle to afford things that should be basic on normal circumstances. You're poor my friend and that's the sad reality

Some Nigerians can't afford ordinary sardines, toothpaste or other toiletries anymore, it's that bad

Harrykn:

Life don hard.

treesun:

The value of the naira fell further by 1.68 per cent against the dollar at the official market on Thursday.

At the Investor & Exporter foreign exchange window, the local currency opened at 413.15/$1 on Thursday but closed at 422.07/$1.

The naira had depreciated by 0.19 per cent to 415.10/$1 on Wednesday after closing at 414.30/$1 on Tuesday.
https://punchng.com/naira-crashes-to-record-low-at-official-market/