Tag: Naira exchange

How much Dollar will your Naira exchange for?, By Alex Otti

Bode DoluLeave a Comment on How much Dollar will your Naira exchange for?, By Alex Otti

“One hundred thousand naira is now behaving like ten thousand naira; and no one is saying anything about it!” -Anonymous Social Media Blogger Exchange rate is very important particularly for a country like Nigeria, whose currency is not convertible. According to Investopedia, a convertible currency, is any nation’s legal tender that can be easily bought […]

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See Naira exchange rate to the Dollar at parallel market

Bode DoluLeave a Comment on See Naira exchange rate to the Dollar at parallel market

Nigeria’s currency, the Naira on Wednesday fell to N493 per dollar at the parallel market, shading N6 from the N487/$ it exchanged on Tuesday, May 25, 2021. When compared to the N486/$1 that was recorded on Monday, the local unit had dropped N1 The pressure on Nigeria’s currency is attributed to black market speculators who […]

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