BREAKING: Naira crashes massively against dollar at black market, near N1000/$

Nigeria's currency, the Naira, slumped to N900 against the Dollar at the parallel market on Wednesday.

Ahmed Gazali, a Bureau De Change Operator, confirmed the rate on Thursday morning.

Meanwhile, the Naira traded at N773.42 in the official market against the Dollar.

The figure represents a marginal depreciation of 0.35 per cent compared with N770.72, the Naira traded against the Dollar on Tuesday.

The development is coming barely 48 hours after the resumption of the Minister of Finance and Coordinating Minister of the Economy, Mr Olawale Edun.