Few days ago, it was decided to let the Nigerian #Naira freely flow. No Central Bank intervention anymore. "Same rules" for all market participants. Value lost in the last days is now close to 80%.!!!

Many people used to "trade" before for parallel market rates, which used to be around 700NGN for 1 EUR, while the "official" rate was kept at around 520NGN for 1 EUR. Even for those being forced to use parallel market rates, which is typically "the small men", the devaluation is huge!