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


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

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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

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