- The naira finally crashed below N1,000 to a dollar on the black market
- Feelers from the street on Thursday, September 21, 2023, show that the local currency broke the threshold as demand for dollars skyrocketed
- Currency dealers say importers and international students have flooded the black market seeking to purchase Forex
Before June 14, 2023, the Nigerian currency traded for N461 per dollar officially and above N700 on the streets.
After the Central Bank of Nigeria collapsed the multiple exchange rate windows in compliance with the economic policy and direction of President Bola Tinubu, the naira plummeted below N600 per dollar in the official window and above N800 per dollar in the black market.
