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Ndokwa Vanguard

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Naira plummets to N860/$ at parallel market following demand for dollar

Jul 19, 2023 #News

The Naira has plummeted at the parallel market following an increased demand for the Dollar. 

The Naira fell to N860 per dollar at the parallel market on Wednesday, July 19, representing a N35 increase to the amount traded yesterday, July 18. 

With the Naira closing at N742.9 on Tuesday at the I&E window, the gap between the official and parallel market exchange rates is widening once again.

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