Tag: Black Market Exchange Rate
50 Dollars Equals 80,000 Naira at Current Exchange Rate
Fifty U.S. dollars is now equivalent to 80,000 Nigerian naira at the current black market exchange rate, reflecting a steep depreciation of the naira amid economic instability. The conversion, based on unofficial trading rates...
Naira Drops to New Low: 1 Dollar Now Equals 1,500 Naira
The Nigerian naira hit a record low of 1,500 per U.S. dollar on Thursday, deepening the currency’s decline amid economic instability. The Central Bank of Nigeria (CBN) confirmed the drop, which follows months of...
Dollar to Naira Exchange Rate Hits New High Today
The dollar to naira exchange rate surged to a new high today, reaching 1,500 naira per dollar in Nigeria’s parallel market, according to financial analysts and currency traders. The sharp rise comes amid persistent...