Hope James
Nigerians have been thrown into a state of panic and frenzy as Naira crashes again from 720 to 800 per dollar.
They have expressed fear at the imminent increase in prices of things, lamenting on the fact that things are already expensive.
The Naira is currently trading at 800 against the dollar according to some exchange platforms.
According to checks, the current parallel market rate is N800 to a dollar and N890 to British pound sterling.
The free fall continues as the ban on Bureau the Change operators remain in place and the CBN announced plans to redesign the country’s currency in response to the country’s economic woes.
The governor of the central bank, Godwin Emefiele, announced on Wednesday that new Naira notes would be issued by December 15.
He stated that the move, which has since been approved by the President and other stakeholders, was certain to boost the value of the Naira.