Traders in the parallel market are quoting an offer price of over N1,600/$1 for Naira holders looking to buy dollars as the local currency faces increasing pressure.
Nairametrics checks suggest that the exchange rate has recently weakened in line with the steady decline in the official market.
Platforms such as Trove, Remitly, Bamboo and PiggyVest are selling the dollar above 1,630 Naira as of Thursday, July 18, 2024.
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