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


 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 exchange rate between the naira to dollar and dollar to naira on Sunday, showed that the Nigerian official currency, Naira has fallen against the United States dollar weeks after a steady rise which saw it gaining over N25 since it fell to its lowest of N575 to a dollar on September 20, 2021

Comments

Post a Comment

Popular posts from this blog

WHY RICEMAN KEN IMASUAGBON REMAINS THE BEST CHOICE FROM EDO CENTRAL, FOR GOVERNOR IN 2024.

Image
When it comes to sincerity,  humility, tact, interpersonal relationship, political competence, experience, capacity, compassion, vision, accessibility and acceptability in the 3 senatorial districts of the state,  Barrister ken imasuagbon stands head and shoulders above all other candidates from Esanland in Edo central who should be nominated and be voted for to be governor of edo state in this year's impending 2024 gubernatorial election. For starters, Ken is youthful,  full of energy, accessible and acceptable by all. Ken can be said to be a home boy in edo south. Ken speaks Benin language fluently. Edo south will willingly vote for Riceman.  *Ken has been phenomenal.   *He has touched lives throughout the length and breath of Edo state.  *Ken's giving is beyond partisan inclination.  *Ken's giving goes beyond political considerations.  *Giving is  Ken's DNA.   *He has given scholarships- *He has given laptops and pads in hundredsof thousands- *He has given money to t
Read more

*LETTER TO NIGERIAN PARENTS*

Dear All- Let's be real.    I wish to start by adding the benefit of my time as a student and then resident in the UK. Living in Abuja now. The first thing that I discovered about UK-born, white, English undergraduates was that all of them did holiday or weekend job to support themselves – including the children of millionaires amongst them. It is the norm over there – regardless of how wealthy their parents are. And I soon discovered that virtually all other foreign students did the same – except status – conscious Nigerians. I also watched Richard Branson (owner of Virgin Airline) speaking on the Biography Channel. To my amazement, he said that his young children travel in the economy class – even when the parents (he and his wife) are in upper class. Richard Branson is a billionaire in Pound sterling. A quick survey would show you that only children from Nigeria fly business or upper class to commence their studies in the UK. No other foreign students do this. There is no aircra
Read more

_APC PRIMARY ELECTION: HON DESMOND UGBO APPEAL FOR UNITY AND ACCEPTANCE OF PARTY'S DECISION*_

Image
 ```Dear Rt Hon Dennis Osagbemworue Idahosa,```  I hope this letter finds you in good health and high spirits. As a concerned member of the All Progressives Congress (APC) family in the Edo South Senatorial district, I am writing to you on behalf of our party members and supporters in Ward 7, Egor LGA, and across Edo State. It is my sincere hope that you will hear our appeal and consider the importance of unity and acceptance within our party. Firstly, I would like to acknowledge and commend the commendable campaign and political capacity you displayed throughout the APC's gubernatorial primary election. Your dedication and commitment to our party's principles and ideology have not gone unnoticed. However, as you are aware, the majority of our party members have spoken in favor of Senator Monday Okpebholo as the party's flag bearer. In the spirit of good sportsmanship and the overall interest of our great party, I humbly implore you to accept the party's dec
Read more