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Nigeria’s Naira Loses Ground on Forex Black Market Just a Few Days After Devaluation

May 28, 2021 by DIGIT
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Nigeria's Naira Loses Ground on Forex Black Market Just a Few Days After DevaluationThe Nigerian naira currency lost further ground against major currencies after it depreciated to 493 nairas for one dollar on the black market on May 25, 2021. Before the latest depreciation, the currency had stabilized at around 485 nairas to the dollar. This was shortly after the exchange rate dropped to a three and a […]

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Categories Black Market, cbn, currency depreciation, current account, economics, IMF, multiple exchanges, naira devaluation, parallel market, World Bank
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  • bitcoinBitcoin(BTC)$68,632.000.01%
  • ethereumEthereum(ETH)$1,993.691.69%
  • tetherTether(USDT)$1.000.02%
  • rippleXRP(XRP)$1.491.01%
  • binancecoinBNB(BNB)$625.591.92%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$86.210.47%
  • tronTRON(TRX)$0.2843181.43%
  • dogecoinDogecoin(DOGE)$0.100827-1.55%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.020.00%