Dollar Crashes to N380/$ at Black Market

By Modupe Gbadeyanka

The free fall of the Dollar against the Naira continued on Tuesday, March 28, 2017, when it traded at N380 at the parallel market.

The currency had closed for the day on Monday at the rate of N385 per Dollar, but the Naira gained N5 against the Dollar on Tuesday morning.

However, the Naira remained stable against the Pound Sterling and the Euro at the same segment of the foreign exchange market.

While the Naira was exchanged at the rate of N470 to the Pound Sterling, while it went for N435 per Euro.

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Modupe Gbadeyanka

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.