Stock News: Dollar Drop to N500 to 1dollar($) On Black Market Today

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Stock News:Dollar Drop to 500naira 1dollar($) On Black Market Today :

Stock News : On the black market today this morning January 31st 2017. The market price of dollar to Naira is equivalent to N500 to 1 dollar defying the anticipated support of the re-surging foreign exchange reserves volume .

Stock News: Dollar Drop to N500 to 1dollar($) On Black Market Today :

Last week ,the reserves have gained about $480 million and observed average increment of nearly 2.7 per cent daily in the last 60 days,a period in which paralle market rates have oscillated between N480/$ and N498/$.

The currency value have fell  to N500/$ yesterday,defying the anticipated support of the re-surging foreign exchange (Forex) reserves volume,now at $27.9 billion.

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Joshua Engr/Technician

Joshua Engr/Technician

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