The naira, on Thursday, depreciated further against the dollar at the parallel and official sections of the foreign exchange market.Bureaux De Change operators , popularly known as ‘abokis’, who spoke to TheCable in Lagos, quoted the naira at N737 to the dollar at the street market.— further widening the gap between parallel and official rates.The street traders put the buying price of the dollar at N727 and the selling price at N737, leaving N10 profit margin.
They attributed the continuous free fall of the naira against the greenback to increased demand for dollars amid lagging supply in the market. At the official market, the local currency fell by 0.01 percent to close at N436.37/$ on Wednesday, according to details on FMDQ OTC Securities Exchange — a platform that oversees official foreign-exchange trading in Nigeria.On Tuesday, the CBN monetary policy committee meeting raised the monetary policy rate , which measures interest rate, to a record high of
Unpatriotic habit & saboteur, may God save us from all evil media houses .the black market was never Nigeria official exchange rates. Enemy within.
Govt of Buhari doing wonders
FG are not helping the citizenry.
Hmmm God help us all
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