Dollar hits N600 at parallel market
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.
UK Fuel Scarcity: 6 Nigerians Arrested for Operating Black Market
As the United Kingdom continue to be hit with unprecedented fuel paucity, the situation has led to the arrest of no fewer than Nigerians for hoarding Fuel in Jerry cans and selling at exorbitant prices.According to the UK police spokesman Greg Smith, some of the Nigerians arrested include Kenneth Obiora (M), Chukwuma Ahamba (M), Gift Nwankwo (F), Kelechi Amadi (M), Afamefula Nkemdiri (M), and Ernest Okoye (M).Smith says they will be charged to court on offence bothe...
Sit at home: See What Market People Did to an IPOB Member Yesterday
Yesterday was another Monday, and some deviant members of IPOB decided to go to a popular market in Imo State to enforce the already cancelled Sit at home order, however, the hoodlum was restricted by the market people who fought back and in the process lynched the leader of the group.The development has been confirmed by the police through a press release by the Police PPRO Mr Abattam, he said residents of Umuagbavo Oru Ahiara in Ahiazu Mbaise Local Government Area...
Wike Demolishes Popular Market In Rivers State
The Rivers State Governor; Gov Wike has demolished the popular slaughter market at Trans Amadi, the demolition exercise is coming after the Rivers State Government gave a deadline of September 1st for traders to vacate the slaughter market.Governor Wike said the slaughter market was built by the Government but was being taken down for the safety of the public as it had degenerated into a notorious nest of criminals.The State Government had approved the building of a...
Download Naijacrawl App today
Fastest way to read on the go
Download the Naijacrawl App.