Naira has crashed again at Aboki black market with a new exchange rate emerging.
IDOMA VOICE reports that the Nigerian official currency, Naira has fallen again against the United States dollar exchanging at N587/$1 weeks after a steady exchange rate of N570/$1.
A survey conducted by IDOMA VOICE at the Bureau De Change (BDC) market in Lagos,
Nigeria’s commercial city, on Saturday afternoon, March 26, 2022, showed that the naira to usd exchanged at N587/$1, failing to maintain the N570 position of 1 dollars to naira it stood for weeks, months after USD to naira exchanged for N530/$1.
Naira to dollar falls again at Aboki black market (parallel market)
IDOMA VOICE reports that the players at the parallel market better known as the black market bought a dollar at N581 and sold for N587 on Saturday afternoon, March 26, 2022, after they bought N577 and sold for N584 on Friday, March 25, 2022.
The exchange rate between the naira to dollar and dollar to naira on Wednesday showed that the Nigerian official currency, Naira has fallen against the United States dollar months after a steady rise which saw it gaining over N25 since it fell to its lowest of N575 to a dollar on September 20, 2021.
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