Naira hits all time low as exchange rate hits over N2000

Nigeria’s local currency is currently exchanging above 2,000 naira against the Great Britain Pound at the parallel market.

Bureau de Change operators confirmed the rates on Monday.

It was learnt that the new rate increased from N1,930 recorded on Saturday and is currently the lowest point in the historical performance of the naira.

Similarly, the naira depreciated against the dollar in the parallel forex market, where forex is unofficially trading at N1,673 from N1,670/$ on Friday.

Details later…