Mr Tinubu’s strategy to float the naira has backfired and further depreciated its value on the global market.
The alarming depreciation, as published by Aboki FX, casts a shadow of uncertainty over the nation’s economic stability.
The open indicative rate closed at 418.25 naira to the dollar on Wednesday.
Nigerian media outlets, including Peoples Gazette, have relied heavily on AbokiFX in recent weeks to publish frequent and steep crashing of the naira.
The depreciation in the value of the naira translates to a heavy hike in the prices of imported products.
