Naira Falls To 870 In The Black Market - Business - Nairaland
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Naira Falls To Record Low Of N1,515 /$1 At The Black Market / Naira Falls To ₦540 Per Dollar / Naira Falls To All-time Low Of 527 Naira To A Dollar (2) (3) (4)
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| Naira Falls To 870 In The Black Market by imbless: 1:01pm On Oct 30, 2022 |
The naira set a new record on Sunday, October 30, 2022, when it crashed to N865 to a dollar Checks by Legit.ng showed that the local currency depreciated that much as Nigerians flooded the market with the local currency Analysts say this is not unconnected with CBN's plan to redesign the naira as hoarders move to exchange them for dollars. Barely 24 hours after the naira fell to a record low of N800 to a dollar on Saturday, October 29, 2022, the Nigerian currency crashed further to N865 to a dollar on the unofficial parallel market. Legit.ng findings on Sunday, October 30, 2022, revealed that the black market dealers around Allen Avenue, Ikeja and Ogba in Lagos exchanged the naira at N865 and some cases, N870 to a dollar. Source: www.legit.ng |
| Re: Naira Falls To 870 In The Black Market by PARADIZEPRIEST: 3:20pm On Oct 30, 2022 |
Is not official so stop devaluing the naira with speculation Broadstreet is 770,780 1 Like |
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