Naira depreciated against the U.S. dollar on the parallel market on Tuesday, according to data gleaned from abokiFX.com, a website that collates parallel market rates in Lagos.
However, Naira strengthened against the U.S dollar at the Investors & Exporters window of the foreign exchange market on Tuesday, according to data from the FMDQ Security Exchange where forex is officially traded . The appreciation took place as turnover rose by 170.9 per cent, with $108.34 million recorded as against the $39.99 million posted on Monday.
Naira is always falling. If you have money to save, do NOT save it in Naira. It will lose so much value in the next six months. Since CBN has made domiciliary account so difficult, cryptocurrencies are the next option. Nigeria is going down under Buhari, don't go down with it.