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HomeBusiness NewsBREAKING: Exchange rate reaches N1,600/$1 at parallel market, also hits N1,630/$1 on...

BREAKING: Exchange rate reaches N1,600/$1 at parallel market, also hits N1,630/$1 on online platforms

The Parallel market operators are quoting a buy price above N1,600/$1 for holders of naira looking to buy dollars, as the local currency faces rising pressure, freshreporters media had gathered.

Checks indicate that the exchange rate has been weakening lately in line with the steady crash on the official market.

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As of Thursday, 18th of July, 2024, Platforms such as Trove, Remitly, Bamboo, and PiggyVest are selling the dollar above N1,630. [CONTINUE READING HERE]>>>>



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