Many had expected that the transofrmation of Nigeria through the Renewed Hope agenda would have, by now, started showing signs of amazing years.
Indeed, expectations are high that the man, Bola Tinubu, who said he fixed Lagos, must have brought same magic wand to Aso Rock.
President Tinubu, who emerged using the “Renewed Hope” mantra has been on a tour of nations, putting before investors around the world the benefits of investing in Nigeria.
While, he is making these efforts, the value of the Naira remains vulnerable, crashing at the slightest change of crude around.
President Bola Tinubu on Wednesday, wooed NASDAQ investors by telling them that ‘Nigeria is the greatest economy’ they can explore now.
His push is coming at a time that the nations local currency is getting weaker and weaker by the day.
Today on the parallel market also known as the black market, the Naira crashed further to change at ₦995 to a dollar.
Have You Read: Dollar To Naira Exchange Rate Crashes On Black Market
The local currency, exchanged on Thursday at the rate of ₦990 to a dollar.
Meanwhile, on the Investors and Exporters (I&E) FX window, the naira gained ₦33 to closed at ₦738 to a dollar.
The currency exchanged on the (I&E) FX window at ₦771 to a dollar the previous day.
Reports suggest that the Naira plunged to a record low on the parallel market.
This is just as shrinking dollar supply from the central bank forced buyers to the street for hard currency.
However. it is believed that plans and strategy to curb the crashing Naira on the black market are underway and would be felt.
