Adebayo Adenrele

The persistent fall of the naira currency against foreign currencies is at it again with the British Pound crossing N1000 in the parallel market this week.

NEWSTODAYNG gathered that there are speculations on dollar which has also been on a steep rise in value against the naira may cross N1000 any moment.

The current black market rate which is though not recognised by the Central Bank of Nigeria (CBN) has now almost doubled the official rate, thereby widening the disparity and putting more pressure on businesses.

Many Nigerians have taken to social media as the British Pound was exchanged for N1005 over the weekend.

“One thousand pounds is actually a million naira. The country is going to crash,” One Salami Azeez on his Twitter handle.