Naira has fallen massively at the Aboki black market with new exchange rates emerging.
Newsone reports that the Nigerian official currency, the naira has fallen massively against the United States dollar exchanging at N590/$1 weeks after a steady exchange rate of N570/$1.
A survey conducted by financial experts at the Bureau De Change (BDC) market in Lagos, Nigeria’s commercial city, Monday evening, April 4, 2022, showed that the naira to usd exchanged at N590/$1, failing to maintain the N570 position of 1 dollar to naira it stood for weeks, months after USD to naira exchanged for N530/$1.
Nar6ira has fallen massively at the Aboki black market with new exchange rates emerging.
Newsone reports that the Nigerian official currency, the naira has fallen massively against the United States dollar exchanging at N590/$1 weeks after a steady exchange rate of N570/$1.
A survey conducted by Newsonne Nigeria financial experts at the Bureau De Change (BDC) market in Lagos, Nigeria’s commercial city, Monday evening, April 4, 2022, showed that the naira to usd exchanged at N590/$1, failing to maintain the N570 position of 1 dollar to naira it stood for weeks, months after USD to naira exchanged for N530/$1.
Naira to dollar falls massively at Aboki black market (parallel market)
Newsone Nigeria reports that the players in the parallel market better known as the black market bought a dollar at N585 and sold for N590 on Monday evening, April 4, 2022.
The exchange rate between the naira to dollar and dollar to naira on Monday evening showed that the Nigerian official currency, the naira has fallen against the United States dollar months after a steady rise which saw it gain over N25 since it fell to its lowest of N575 to a dollar on September 20, 2021.
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