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Showing posts from December, 2021

BREAKING: Naira Falls Massively At Black Market After Steady Exchange Rate

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 BREAKING: Naira Falls Massively At Black Market After Steady Exchange Rate Hit the 'Follow' button to STAY WITH US The Naira fell massively at the black market after a steady exchange rate. News reports that the Nigerian official currency, Naira has fallen against the United States dollar  exchanging at N572/$1 weeks after a steady exchange rate of N565/$1. A survey conducted by Online Press Nigeria at the Bureau De Change (BDC) market in Ogba area of Lagos, Nigeria’s commercial city, on Sunday evening, December 12, 2021, showed that the naira to usd exchanged at N572/$1, failing to maintain the N565 position of 1 dollars to naira it stood for more than eight days weeks after usd to naira exchanged for N530/$1.  Not a few reports have it that the players at  parallel market better known as black market, bought a dollar at N567 and sold for N572 on Sunday evening, December 12, 2021 after they bought N560 and sold for N565 at last week, Monday, December 6. The excha