Naira falls further at black market

Naira fell slightly against the U.S. dollar at the unofficial market on Tuesday, after maintaining stability at the black market for three consecutive sessions.

However, the naira gained at the official market session as forex turnover plummeted at the close of the trading segment. According to abokiFX.com, a website that collates parallel market rates in Lagos, the local unit closed at N521.00 per $1 on Tuesday. This implies a N1.00 or 0.20 per cent devaluation from N520.00 rate it has been trading since August 19 last week.where forex is officially traded, the local unit closed at N411.00 per $1 at the official market.

This implies a N0.83 or 0.20 per cent appreciation from the N411.83 rate it traded in the previous session on Monday.

kwantinu. make December😅 1000 £ to one naira

Black Market still dey? Taught they ban bdc already? 9ja sha

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