The naira on Wednesday, March 16, continued to fluctuate at the parallel market and crashed further against the dollar.
As at 11am on Wednesday, the Nigerian currency stood at N325 against the American dollar on the parallel market.
The bureau de change (BDC) operators lamented that the exchange rate has continued to drop in the past 48 hours and its looking like there will be no improvement.
One of the sources said:
My friend, this is the situation right now. The prices keep fluctuating in the last few weeks, but recently, it has refused to improve against the dollar. Although many think the BDC operators are the ones benefiting more from the development, I can assure you that on the long run, everybody in the country bears the brunt of the failing economic situation in this country. We are appealing to the federal government to kindly work on this inconsistency and ensure that we have a steady economy. Otherwise, the challenges will continue and we shall all keep bearing the pains of an unhealthy society.