Naira Successfully Heading To N1000 For One Dollar, See The Current Exchange Rates

The naira on Thursday continued its downward spiral on the parallel market, selling for N543 to the dollar on Thursday.

While bureau de change operators in Abuja bought dollar at N540, it was sold for N543.

The British Pound was also sold for £1/N740.

The development comes 44 days after the Central Bank of Nigeria barred sale of Forex to all bureau de change operators across the country.

On July 27, 2021, the CBN ended the sales of Forex to BDCs saying the parallel market had become a conduit for illicit Forex flows and graft.

About Don Saint

PR Guru / Author / Promoter / Controversial Writer / Hip Hop Artiste / Actor / Human Rights Activist. The First Nigerian Hip Hop Artiste to obtain a Masters Degree (M.A) in Arts ( Religion & Human Relations). The author of one of the most controversial books in Nigeria; "Emancipation from Masturbation". With over 12 Movies and 3 Musical albums since 2003. Former Events Manager at Silverbird’s Rhythm Fm Awka Station till 2010. For more info. Call : 08033239298.

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