The Nigerian naira has dropped to a new low, exchanging for N645 against the U.S. dollar in the parallel market, according to data from Aboki Forex.
Listing on Aboki Forex, a digital platform that informs users of the rates at which different currencies are traded on both official and unofficial markets, revealed that the naira, which traded for N620 against the dollar on Monday and N630 on Wednesday, has fallen to N645 as of Thursday afternoon.
The naira lost against the dollar on Wednesday at the investors and exporters window, exchanging at N426.58 to a dollar.