Dollar To Naira Black Market Exchange Rate for June 20 2017 [N460 to 1 USD]
The market closed yesterday at N364 to a dollar. But today, the rate soared to record high N460 to a Dollar.
This is a further blow to the weak economy which many termed recession that Nigeria had to find it’s self.
What could be the reason for this sudden rise in the price of the dollar?
Some attribute it to the drop in the price of crude which fell below the nation’s budget benchmark.
Dollar to Naira Black Market Exchange Rate Current Dollar rate contributes lot to the instability in the price of commodities in the market.
Nigeria depends largely on imported goods from nations like China, India and most European countries.
This new price of Dollar to Naira Black Market Exchange Rate of N460 to 1 dollar came as a surprise.
We will update you as events unfolds.