For the third day in a row, Nigerian currency on the black market exchanged above N700 to a dollar, IgbereTV reports
Traders on Tuesday told IgbereTV that for Nigerians traveling looking to buy dollars it cost N705.
Naira to the dollar exchange rate crossed N700 at the black market on Friday last week.
What this signifies is that for a Nigerian traveling to the US and looking to buy $5,000 it will require N3.5 million.
This is a whopping N1.4m difference when compared to N2.1 million it will cost if obtained at the Central Bank of Nigeria rate on Monday, 29 August 2022
