The Naira experienced a sharp drop from N1600 to N1,780 per dollar on Wednesday which reversed its recent gains in the black market. 

CBN to Stop Sale of Forex to Banks as Naira Falls Against Dollar ECONOMIC CONFIDENTIAL- Naira fell massively at the black market on Thursday after traders learned that the Central Bank of Nigeria (CBN) was planning to halt dollar sales to commercial banks. Although CBN said...

Naira Exchanges At N450 To Dollar     The naira on Thursday exchanged at N450 to dollar at the parallel market as build up on dollar demand continued to rise. The naira is seen weakening on the black market as dollar demand rises from foreign investors and importers...

Despite CBN Injections Naira Weakens To 364/dollar The naira weakened to 364 per United States dollar at the parallel market on Monday, despite the injection of $210m into the interbank foreign exchange market by the Central Bank of Nigeria. This latest injection came barely two trading...