Nigeria's currency just tumbled to a record low

The Nigerian naira just dipped past 300 per dollar for the first time ever.
The currency weakened by 2.3% to 300.25 per dollar around 8:41 a.m. ET, according to data from Bloomberg.
The naira is trading around 296.50 per dollar as of 9:51 a.m. ET, according to Investing.com's data.
Back in late June, the Central Bank of Nigeria finally unpegged the naira from the US dollar, which sent the currency down by 30% to about 280 per dollar. It was pegged around 197-198 per dollar.
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