Dollar has crashed with Naira gaining massively at black market.
Newsone reports that the US dollar crashed as Naira opened at ₦560 with massive gain of of ₦8 at the parallel market also known as the black market on Thursday, November 4 after it closed at ₦568 the previous day, Wednesday, November 3.
This online news platform understands that the United States of America official currency, the dollar crashed at the parallel market also known as the black market on Thursday, November 4 trading at ₦560 per a dollar with Bureau De Change (BDC) operators buying at ₦557 per dollar as at 9:15 am in the Lagos market as monitored by Newsone Nigeria correspondent who visited the market on Monday morning.
IMPORTANT NOTE: Please note that the exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. What it means is that…you can buy or sell 1 dollar at ₦560 and the price can change (high or low) within hours.
Newsone Nigeria reports that the Naira strengthened against the U.S dollar at the official market on Thursday, after the currency witnessed a marginal loss at the market segment in the previous session on Tuesday, November 2.
The local unit exchanged hands with the greenback currency at ₦414.49 per dollar on Thursday, 4 November 2021, after it closed at ₦414.80 per $1 on Wednesday
, 3 November 2021., data from FMDQ securities exchange windows where forex is officially traded showed.
The currency’s performance on Thursday represents a change of 0.18 per cent depreciation from ₦414.80 it traded in the previous session on Wednesday.