In a startling development, the black market exchange rate for the US Dollar has surged to an unprecedented level, reaching N180,000 for 100 US Dollars. This rapid escalation has raised concerns and stirred discussions among financial analysts, businesses, and the general public.
The surge in the exchange rate is attributed to various factors, including economic uncertainties, supply and demand imbalances, and challenges in the foreign exchange market. The black market often experiences fluctuations that differ from official exchange rates, and this recent spike underscores the volatility that can characterize informal currency trading.
Rice, a staple for Christmas celebrations in Nigeria, has become a luxury this year. Soaring…
Panic erupted on Saturday at a concert in Lagos when the stage collapsed during Odumodublvck’s…
The Federal Government of Nigeria has allocated ₦6,364,181,224 billion for the refurbishment and rehabilitation of…
The black market dollar to naira exchange rate for today, 22nd December 2024, can be…
The Nigerian National Petroleum Company Limited (NNPCL) has refuted claims that the 60,000 barrels per…
Manchester City finds itself in unprecedented turmoil, with relegation-level form showing little sign of improvement.…
