Naira crashes against dollar for the first time this week, checkout new rate

NAIJ.com findings on Wednesday, April 6, show that the naira has plummeted against the dollar in the black market.

This is coming after the Nigerian currency had remained firm for about five consecutive days (April 1 – 5)

According to our Bureau De Change (BDC) sources, the naira now trades for between N319 and N320 as against the N318 – N320 it was on Tuesday, April 5.

READ ALSO: Naira strengthens against dollar for second consecutive day

READ ALSO: Naira stays strong at 318-320 against dollar in parallel market

“Today, it is being sold at N319, although some are selling at N320. The rush to buy has reduced drastically this week.” one of BDC sources informed.

Another source told NAIJ.com: “As at this morning, the dollar trades at N320 but N319 in some places. It may not go below that in the nearest future but I’m even considering venturing into gold business anytime soon.”

NAIJ.com team will continue to bring you daily updates of the Naira exchange rates.

You can also get authentic exchange rates and check out real deals for dollar exchange via our platform bdc.naij.com. This is where buyers and sellers meet to transact Forex.

The post Naira crashes against dollar for the first time this week, checkout new rate appeared first on Nigeria News today & Breaking news | Read on NAIJ.COM.