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The new exchange rate of Naira to a dollar at black market as it starts new week above N700

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  • After making a huge recovery last week, the black market returned to selling Naira over N700 on Monday morning
  • This comes as a huge surprise to many Nigerians who approached the black market to buy
  • Experts have reacted to the current state of the market while speaking on the impact on Nigerians and companies

The Nigerian currency kicked off the new week on a low after closing impressively last week.

According to Naira rates, Black market traders on Monday, November 14, dropped the value of the Naira against the US dollar to N793/$ compared to the N680/$ it traded on Friday last week.

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