Black Market Naira Falls to N698/$1
Thursday, August25, 2022 saw a collapse in the value of the naira against the dollar.
It was gathered that the naira crashed at the black market after exchanging N698/$1 according to information from several black market forex traders, who spoke to Nairametrics.
The report stated that the currency fell against the US dollar from N696/$1 recorded on Wednesday to N698/$1 on Thursday, representing a 0.29% depreciation.
The exchange rate at the official Investors and Exporters window also depreciated in the last trading session, falling marginally by 0.08% to close at N431/$1 from N430.67/$1 recorded on Tuesday, 23rd August 2022.