One of them, Aminu Gwadabe, said it’s the first time in the last 15 years that dollar will exchange in the parallel market lesser than that of the official rate.
He added that as of Tuesday afternoon, the BDC operators buy the dollar at N980/$1 and sell at N1,020/$1, as against the official rate of N1161/$1 by the CBN.
The naira has appreciated against the dollar in recent weeks, gaining over 40%, from about N1,900/$ early January to about N1,100/$1 now.
Nigeria currency, Naira has continued to depreciate in Value against US dollar. In recent update seen by Naijablog.com, Naira on Wednesday, December 13th 2023 dropped to N1,260 per dollar in the parallel market from N1,220 Read More…
Mr. Malcolm Omirhobo, a lawyer has dragged Nigeria Apex Bank to court demanding the removal of Arabic inscriptions in Nigeria currency. The law suite file by the lawyer will be hear at Lagos Nigeria’s commercial Read More…
Data from our investigation show that most other African currency is more value compare to Nigeria Currency. Recall that President Buhari when he was campaigning for his 2015 Presidential ambition, he said he will make Read More…
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