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News - October 12, 2023

Naira now exchanging at N1,040 to a Dollar in parallel market

The Naira is now exchanging at N1,040 to a Dollar in parallel market.  Nairametrics reported that the ongoing trend of demand surpassing supply seems to be a contributing factor and forex traders have been reporting inflow quotes ranging from N1,035 to N1,045 per dollar, indicating heightened scarcity. The official trade rate remains at N776.8/$1, highlighting a notable disparity between the experiences of Nigerians in official and unofficial channels. The post Naira now exchanging at N1,040 to a Dollar in parallel market appeared first on Linda Ikeji Blog.

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