Naira crashes to 543 per dollar

The naira continued its downward spiral on the parallel market on Thursday, selling for 543 to the dollar.

While Bureau de Change operators in Abuja bought dollar at N540, it was sold for N543.

News reporters had reported on Thursday that the naira fell to 535/$1 on Wednesday from 532/$1 on Tuesday.

The development comes 44 days after the Central Bank of Nigeria stopped the sale of foreign exchange to all BDC operators across the country.