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Dollar hits N600 at parallel market

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NAIJA NEWS: Dollar hits N600 at parallel market [New Naija News] » Naijacrawl
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On Monday, May 16, the dollar was swapped at N600 on the parallel market.



On Monday, currency dealers in Uyo exchanged the Naira for N595.00 and sold it for between N596.00 and N600.00 per dollar, while black market dealers in Abuja's Wuse Zone 4 said the currency was converted for N594.00 and sold for N595.00 per dollar.

The Naira, which commenced trading at N417.30 to a dollar on Monday, May 16, concluded at N421.50 to a dollar at the close of business on FMDQ, where forex is legally exchanged.

Fears of a further devaluation of the national currency have grown as the local currency has depreciated.

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Ojo Sunday Victor, A Professional Graphics Designer, and a skilled Content Writer in Entertainment, News and Sport Update.!An Undergraduate in Ladoke Akintola University of Technology (LAUTECH, Ogbomoso). Read More

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Odumeje Claims Credit for Dollar-Naira Exchange Rate Decline

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NAIJA NEWS: Odumeje Claims Credit for Dollar-Naira Exchange Rate Decline [New Naija News] » Naijacrawl
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Prophet Chukwuemeka Ohanemere, popularly known as Odumeje, from the Mountain of Holy Ghost Intervention and Deliverance Ministry, has made a bold assertion regarding the recent decline in the exchange rate of the dollar to the naira, attributing it to his purported supernatural powers known as 'Abidoshaker.'In a video captured during one of his church services, Odumeje confidently declared that he utilized his 'Abidoshaker' power to lower the exchange rate of the do...
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NAIJA NEWS: Naira slumps to N900 against Dollar [New Naija News] » Naijacrawl
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NAIJA NEWS: Currency Swap: Naira gains against dollar [New Naija News] » Naijacrawl
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