Naira has fallen against the Dollar at Black Market, See New Exchange Rate below.

 

The Nigerian official currency, Naira has fallen 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.

 

This online news platform understands that survey at the Bureau De Change (BDC) market in Wuse Zone 4 in Abuja, Nigeria’s capital and Ogba area of Lagos, Nigeria’s commercial city, last week, showed that the Naira exchanged between N525 and N530/$1.

 

 

The Publisher Nigeria reports that this came after the Central Bank of Nigeria (CBN) had on July 27, 2021, suspended foreign exchange (forex) sales to BDC operators and directed all those with a genuine need for forex to revert to banks. The naira lost value at a whooping N85 to the dollar in less than two months from N490/$1 to N575/$1 on September 20.

 

BREAKING: Naira Falls Against Dollar At Black Market After Steady Rise
CBN Governor, Godwin Emefiele.

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