Naira drops, exchanges for N740/$ at parallel market | TheCable

two weeks ago.

Musa, a BDC operator in the Victoria Island area of Lagos, said that buying and selling prices stood at N733/$ and N740/$, respectively.“Currently, people are hardly buying dollars in the market,” Musa told TheCable. Currently, Nigeria operates two foreign exchange markets: one is the official central bank rate, while the other is the parallel/street market rate.

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