Naira experiences drastic decreases in 43 years, now N305/dollar

As the scarcity of dollars increased in the unofficial market, The financial sector indicates to have witnessed a heightened pressure, yesterday, as the stock market and foreign exchange is being inflicted enormously.
From an average of N287 per dollar on Tuesday, the parallel market exchange rate rose to an average of N305 per dollar across the country.
Similarly, the New Year stock market hemorrhage entered the eighth day yesterday, with a total N1.22 trillion losses to investors, giving a year-to-date decline of 12.36 per cent in market capitalization

source:vanguardnews