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Why Nigerian Naira Continues A Freefall In FX Market

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In the past few weeks, the Nigerian naira has been on a freefall. Last Tuesday, it fell to a record low of One Thousand, Three Hundred and Ten to a dollar in the parallel market. 
Nigerians are worried, asking authorities to stabilise the country's currency and cushion the negative impact on the economy.
But how did we get here? Can the Naira get the respite it desperately needs at this critical time? What should be done at both societal and individual levels to manage the situation?
Gist Nigeria finds answers to these questions and more.

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posted by Premrl0m