The Nigerian Naira has witnessed a continued decline against the United States Dollar in the parallel market, as reported by Nairametrics.
Information obtained from select traders has revealed that the Naira is now exchanging between N1,100 and N1,110 to a dollar for inflow transactions.
Inflows are forex transactions sold or bought over the wires.
The exchange rate at the official Nigerian Forex Market fell to the lowest ever point of N848/$1 on Tuesday marking a turning point in Nigeria’s exchange rate crisis.