The Naira has surpassed 2,000 per pound at the parallel market.
The Naira has declined in value compared to the U.S. dollar at 1,673 Naira per dollar on the parallel market.
The Naira is one of the weakest currencies in Africa.
The value of the Naira has been affected by the removal of the fuel subsidy, which caused the inflation rate to rise.
The British pound has recently reached a four-month high against the U.S. dollar.
The British pound is outperforming most of the world’s currencies, including the naira.
