Naira has Fallen Massively At The Black Market, Selling Above N1,600 For One Dollar. Parallel market operators are quoting a buy price above N1,600/$1 for holders of naira looking to buy dollars, as the local currency faces rising pressure......See Full Story>>.....See Full Story>>
A quick check on the streets of Lagos showed that a dollar was bought between N1560- N1590 and sold between N1600 and N1615.
According to FMDQ data, the Naira fell to N1,581.65 against the Dollar on Wednesday from N1,576.66 on Tuesday.
FX transaction turnover also decreased to $108.16 million compared to $138.17 million the day before.