Naira Soars to Near-N2000 Per Dollar in Black Market Trading; See the Current Value
Naira Soars to Near-N2000 Per Dollar in Black Market Trading; See the Current Value
Naira and Dollars
On Saturday, the Naira surged to nearly N2,000 per dollar on the black market, despite the Central Bank of Nigeria’s efforts to stabilize the currency by selling dollars to Bureau De Change (BDC) operators.
BDC operator Dayyabu Ashiru reported to DAILY POST that the exchange rate had risen to N1,670 per dollar, up from N1,665 the previous Friday. “We buy dollars at N1,665 per dollar and sell at N1,670,” Ashiru stated.
Last week, the Central Bank had sold $20,000 each to eligible BDC operators at a rate of N1,580 per dollar. In contrast, the official market rate appreciated slightly last Friday, ending the week at N1,593.32 per dollar.
TRENDING SONGS
Ahmad Yerima: Naval Officer to Face No Sanctions After Clash with Wike – Matawalle
Trending Video: Muslim Man Joins Wife in Hallelujah Challenge ‘Dress Like Your Miracle’ Night
Woman Seeks Advice as Late Brother’s Wife Refuses to Mourn Him Following His Death With Alleged Mistress
Nobody Cares About Fine Girls In The UK, I Miss Nigeria — Nigerian Lady Laments
Wedding Called Off: How Lady Cancels Wedding After Finding Out Finance’s Affairs With Her Bestie
Heartbreak in Ikeja: Lady Weeps After Fufu Found in New Phone Package
Twist of Fate: Man Who Questioned Phyna’s ₦1Billion Demand Mourns Brother in Dangote Truck Crash
Tragedy in Enugu: Dangote Truck Claims Lives of Family of Five
Bangkok Crackdown: Nigerian-Thai Couple in Police Net Over Drug Trafficking
Family Rift: Reno Omokri’s Ex-Wife Says He Deserted Their Special Needs Son
Share this post with your friends on 
