Why Naira is worst performing currency, crashes further to N1,710/$
The Naira raced to N2,000 per dollar at the black market on Saturday despite the Central Bank of Nigeria’s sale of dollars to the Bureau De Change operators.
A BDC operator, Dayyabu Ashiru confirmed to DAILY POST that Naira was exchanged for N1,670 per dollar on Saturday from the N1665 exchange rate last Friday.
“We buy at N1665 per dollar and sell at N1670”, he said.
DAILY POST recalls that the apex bank announced that it sold $20,000 each to legible BDC operators at N1580 per dollar rate last week.
Meanwhile, the appreciated last Friday at the official market to close the week at N1593.32 per dollar exchange rate.
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