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BREAKING: Dollar Gains At Black Market As Naira Crashes, See New Exchange Rate

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BREAKING: Dollar Gains At Black Market As Naira Crashes, See New Exchange Rate

Dollar has continued to gain at the black market as naira further crashes, See New Exchange Rate below.

Wothappenonline reports that the US dollar has continued to gain since 2022 as naira further crashes at the black market five days after it fell for the first time this year after maintaining N560/per $1 at the black market since the beginning of the year.

This online news platform understands that the naira has fallen against the United States dollar at the black market for the second time since the start of the new year 2022, exchanging at N570/per $1, days after it fell for the first time to exchange at N565 per dollar to naira.

MORE:  Black Market Dollar To Naira Exchange Rate Tuesday, January 11th, 2022

The local currency opened at N570.00 per $1 at the parallel market otherwise known as the black market on Thursday, 13 January 2022, in Lagos Nigeria after it closed N567.00 per $1 on Sunday, 9 January 2022.

Even though the dollar to naira opened in the parallel market at ₦565 per $1 today, Wothappen.com reports that the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market. The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.

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