Naira has fallen massively on the black market regardless of CBN interventions.
PoliticalNews Nigeria reviews that parallel market operators are quoting a purchase value above N1,600/$1 for holders of naira seeking to purchase {dollars}, because the native forex faces rising stress.
Checks by PoliticalNews Nigeria point out that the change price has been weakening recently in keeping with the regular crash on the official market.
Platforms corresponding to Trove, Remitly, Bamboo, and PiggyVest are promoting the greenback above N1,630 as of Thursday, July 18, 2024.
It is a creating story…