Naira to Dollar exchange rate is approaching N1000 to $1

The Dollar to Naira exchange issues has been getting worse year by year and it’s almost at a 50% drop since the beginning of the year 2021. It’s about to be 2022 and the Dollar to Naira exchange rate has moved from N500 at the beginning of the year to N890 to $1, that’s just N110 left before it reaches N1000 to $1.

The Nigerian federal government is trying its best to stop the Naira devaluation, they arrested a lot of Bureau De Change guys, but that didn’t solve the problem.