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 Our Correspondent 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 Thursday, the dollar has gone up. It now sells for N1400/$.”
