Naira falls to lowest at parallel market as euro, pounds gain

Naira has fallen to the lowest in 2022 at the parallel market with euro and pounds gain massively.

IDOMA VOICE reports that the Nigerian official currency, naira on Wednesday, February 16, 2022, fell massively against the British Pounds and Euro, weeks after maintaining the same position at the parallel market better known as the black market late January 2022.

This online news platform understands that while the naira has fallen against Pounds and Euro, it however, maintained the position it closed last week against the United States dollar at the black market.

A survey conducted by IDOMA VOICE at the Bureau De Change (BDC) market in Ogba area of Lagos, Nigeria’s commercial city, on Thursday morning, February 17, 2022, shows that the naira to usd exchanged at N575/$1, while pounds to naira exchanged at N7560/£1 and euro to naira exchanged at N640/1€ in what is a massive fall of the naira against pounds and euro.

Thursday, February 17, 2022 black exchange rates:

1 dollar to naira = N575/$1

1 pound to naira = N640/1€

1 euro to naira = N760/£1 

I want to sell pounds and I want to buy pounds: I want to change naira to pounds how much is it?

IDOMA VOICE reports that in the black market, the players buy pounds for ₦755 and sell for ₦760 on Wedneday morning, February 16, 2022, after they bought ₦735 and sold for ₦740 last week. This represents a change of N20 from last week.

I want to sell euro and I want to buy euro: I want to change naira to euro how much is it?

IDOMA VOICE reports that in the black market, the players buy euro for ₦635 and sell for ₦640 on Wednesday morning, February 16, 2022, after they bought ₦625 and sold for ₦630 last week. This represents a change of N10 from last week.