Thursday, 04 August 2016 23:56

BREAKING: Naira crashes to lowest rate ever, checkout new rate

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Reports reaching us indicate that Nigerian currency, Naira has crashed to N400/$1 at the parallel market, the lowest rate ever since the introduction of the flexible exchange rate policy. The Naira which had crashed to N390/$1 yesterday, August 3, drop a shocking 10 point today, August 4, to slip further down.

According to sources, the British pounds now exchanges for N510/£1, while the Naira is sold at N425 to one Euro. The development was also confirmed by our reliable Bureau de change operator who however declined to comment further.

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