Checks by Peoples Gazette showed the current parallel market rate pegged at N719 to a dollar and N880 to a pound on the parallel exchange platform Aboki Forex.
As at Tuesday, September 20, the naira was pegged at N700 to a dollar at the black market.
Nigeria’s external reserve stood at $38.51 billion as of 21st September 2022, a slight decline of 0.07% from $38.54 billion recorded as of the previous day. The nation’s foreign reserve has been on a downward trend due to the constant intervention by the CBN in the official market to maintain the stability of the local currency.
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