Naira has gained massively at the black market as dollar continues to fall.
The US dollar crashed throughout last week as Naira closed the week at ₦560 with a massive gain of ₦8 at the parallel market also known as the black market.
News Rain Nigeria gathered that the United States of America official currency, the dollar crashed at the parallel market also known as the black market throughout the week, trading at ₦560 per dollar with Bureau De Change (BDC) operators buying between ₦555 and ₦557 per dollar in the Lagos market throughout the week.
The dollar to naira exchange rate which saw BDC operators buying between ₦555 and ₦557 per dollar and selling ₦560 in the Lagos market during the week, is against the ₦565 they bought and sold at between ₦565 and ₦570 per dollar in the Lagos market the previous weeks.
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