Naira Exchange Rate To Dollars Crashes Today - See The Current Exchange Rate

Naira which serves as Nigeria’s currency has experienced yet the greatest down sloping ever recorded in the history as it crashed to N280 against 1$ dollar as against what was the exchanged rate on Wednesday, Punch reports. 

Though the Central Bank of Nigeria is fighting tooth and nail to revamp the ugly situation, the perceived ‘stubborn’ Naira prefers making free fall. In fact, on Wednesday, however, the CBN cut the amount it sold to each of the 2,270 BDCs that participated in the weekly forex sale to $10,000, down from the $30,000 it sold to them last week.