See new naira to dollar exchange rate against US dollar

  • The official exchange rate for the naira fell against the dollar, leading black market traders to set a new rate
  • The Central Bank of Nigeria continues to face the challenging task of finding a solution for the naira in the FX markets
  • It seems none of its recent efforts have worked, and there might be a need to find another solution for the naira

Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

Black market traders on the street took advantage of the fall of the naira in the Central Bank of Nigeria market.