Nigeria Naira falls to lowest in history

Ahead of a widely-anticipated U.S. interest rate increase next week and worries over economic growth, the naira yesterday sank to N260 to a dollar at the black markets, the worst-ever fall in history.
The downward trend also affected most stock markets worldwide as they tumbled on Friday, Reuters reported that all three major U.S. indexes sank over 1.5 percent, while crude prices plunged amid global oversupply. The International Energy Agency said it sees the oil glut worsening in 2016 as demand slows and OPEC shows no signs of slowing production.