Naira Falls At Official and Black Market After Massive Gain Against Dollar

Naira has fallen at official & black market against dollar.

GoldenNewsNg reports that Nigeria’s official currency, Naira crashed to US Dollars at the official market at the close of the day on Friday, November 12, 2021.

This online news platform understands that the Naira, which had maintained stability against the dollars at the official market in two previous days suddenly came crashing.

At the end of the day on Friday, a US Dollar exchanged at N415.10, according to data published on FMDQ Security Exchange where forex is officially traded. This represents and increase of 0.09 percent.

GoldenNewsNg reports that the Naira had entered the market exchanging at N414.39 to a US Dollar, but fell before the day ended.

Similarly, Newsone reports that the Naira also crashed at the parallel market otherwise known as the black market on Friday  in Lagos, with a US Dollar exchanging for N540 as at Saturday, November 13.