Naira to dollar now 500/$1

Wow this is really sad. Giving the decline in oil price due to the covid-19 pandemic, Naira have depreciated by 35% . According to nairametrics;

The Nigerian currency touched over N430 per dollar on the black market this week for the first time since 2017, about 14% weaker than the official pegged rate.
The naira was quoted at N386.33 on the spot market on Friday.
In addition, at the forward market, the one-year non-deliverable contract surged past N500 per dollar this week.
Money market rates climbed to 35% today, following the debit from just 2% at the last session.

This is why focusing on one sector is dangerous.