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JUST IN: Naira falls to N2,000/1£ at parallel market

The local currency in Nigeria (Naira) is currently trading at over 2,000 Naira against the British pound in the parallel market

Malam Ibrahim, a Bureau de Change operator in Wuse Zone 4, verified the rates on Monday, February 19.

He said: “Yes it is true, we are currently selling above N2,000 for the pounds and it is still about the heavy and consistent demand for these currencies.”

According to the Punch, the new rate increased from N1,930 recorded on Saturday and is currently the lowest point in the historical performance of the naira.

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