Currency traders known as Bureaux De Change operators , who spoke to TheCable in Lagos, quoted the buying rate of the greenback at N598 and the selling price at N607 per dollar.Advertisementhas consistently maintained that the parallel market represents less than one percent of foreign exchange transactions and should never be used to determine Nigeria’s naira/dollar exchange.
On the official market side, the naira depreciated by 0.26 percent to close at N420.33 to a dollar on Thursday, according to data on FMDQ OTC Securities Exchange, a platform that oversees official foreign-exchange trading in Nigeria. that there is a huge demand for dollars in cash from politicians competing for support from delegates in the party primaries.“Dollars is the unofficial currency in Abuja and other parts of the country in terms of the prestige and more importantly, the convenience,” the news agency quoted Idayat Hassan, director of the Centre for Democracy and Development , as saying.
So what is it all about
Wahala
Imagine if Nigerians make another mistake in 2023! Naira ga bu ego Malawi. 😢
And just imagined the deadly repackaging brought brought Buhari upon us with this:👇
Still more to go because Buhari promise 1 = 1.
That’s what happens when money is playing politics and the CBN gov is in the political game too.
This is crazy. It's increasing every day now
Let me view it properly
Omo! Buhari :
God abeg, what's going on?
When will Dollar slide?
🥲🥲