Exchange Rate Crosses N1,600/$1 at Parallel Market

The dollar-to-naira exchange rate on Thursday, July 18, reached N1,615 on Nigeria’s foreign exchange black market. A quick check by LIB on the streets of Lagos showed that dollar was bought between N1560- N1590 and sold between N1600 and N1615. According to FMDQ data, the Naira fell to N1,581.65 against the Dollar on Wednesday…

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