Today, Thursday 6th March 2025, the black market rate don show say naira still dey slip well well. Money changers for Lagos and Abuja dey yan say to buy one dollar for street market, you go pay around N1,510 to N1,520, while to sell dollar, rate dey run between N1,585 and N1,590. Dis drop of about N55 from yesterday don cause plenty wahala for traders and small business owners.
Some traders talk say high demand for dollars due to import pressure, remittance, and general economic uncertainty dey push the rate up sharply. Plenty Nigerians wey dey need dollars for business and travel don dey monitor di situation closely. Experts dey advise di government to step in quick quick to stabilise di naira so that di market no go dey too volatile and Nigerians no go suffer from dis constant fluctuation.
For now, if you dey plan to exchange money for di black market, make you always double-check di latest rate before you make any transaction. Di volatile nature of di market mean sey rate fit change in less than 10 minutes. Stay alert and handle your money with caution!
