IDOMA VOICE reports that the Nigerian official currency, Naira has fallen against the United States dollar exchanging at N579/$1 weeks after stable exchange rate of N570/$1.
IDOMA VOICE reports that the players at the parallel market better known as the black market bought a dollar at N574 and sold for N579 on Sunday morning, March 13, 2022, after they bought N565 and sold for N570 at the beginning of the week.
Even though the dollar to naira opened at the parallel market (black market) at ₦579 per $1, IDOMA VOICE reports that the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market. The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.
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