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Naira rises to N1000/$ at FX black market
As the foreign currency market opened on Monday, the value of the Naira increased to N1000 per US dollar.
The BDC operator predicts that during the course of the week, the value of the Naira will continue to rise below N1000 per dollar.
“The Naira is selling between N1000 and 1050 per dollar on Monday. As the week goes on, the Naira will appreciate further to below N1000 per dollar,” BBC operator said.
Days after the Naira, according to Goldman Sachs, became the best-performing currency in April, this occurrence occurred.
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