- Bureau de Change (BDC) traders in Lagos have set a new exchange rate for the dollar for Nigerians looking to buy
- The latest exchange rate reflects a significant drop compared to the rate quoted in the previous week
- The CBN is holding a 2-day monetary policy meeting, and there are concerns that the decisions made could affect the Nigerian currency
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.
Bureau de Change (BDC) traders have started selling the US dollar below N1,500 at the parallel foreign exchange market, also known as the black market.
