The naira fell to a record low of N1,400/$ at the parallel market on Thursday despite recent efforts by the Central Bank of Nigeria to save the national currency.

With continued dollar scarcity plaguing the country, Bureau de Change Operators confirmed to The PUNCH that the naira touched new depths in the foreign exchange market.

A BDC operator at Sheraton Hotel, Abuja, Usman Ibrahim, said, “For today, one dollar is N1,400 but if you don’t buy it today, I cannot assure you of the same price tomorrow. I also buy at N1,390 to a dollar.”

Another operator, Abubakar Taura confirmed that the naira depreciated further to N1,400 to a dollar.

He stated, “As of today, the dollar has gone up. It now sells for N1400/$.”

According to the BDC operators, there is currently uncertainty as regards the price of the naira against the dollar due to high demand.

On the official Investor and Exporter window, the naira depreciated by 2.12 per cent to N900.96/$ from the N882.24/$ it closed on Wednesday. Transactions opened at N929.18/$, rose to a high of N1,399/$, and recorded a low of N789/$. Total FX turnover was $115.19m, a 103.52 per cent increase from the $56.60m that was recorded on Wednesday.

Source: https://punchng.com/air-cote-divoire-to ... on-others/

How far with cNaira?

Is it going to save the real Naira?

this dollar is really affecting price oo