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Naira falls massively at Aboki black market
Naira has fallen massively at Aboki Black Market, see April 1st Exchange Rate below.
IDOMA VOICE 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 IDOMA VOICE financial experts at the Bureau De Change (BDC) market in Lagos, Nigeria’s commercial city, Friday morning, April 1, 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.
IDOMA VOICE reports that the players in the parallel market better known as the black market bought a dollar at N58 5and sold for N590 on Friday, April 1, 2022.
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