Dollar rate no calm down as naira still dey trade for mid-₦1,400 range for official market while black market don cross ₦1,500 mark again on Friday.
For di Nigerian Foreign Exchange Market (NFEM), di official rate dey between ₦1,470 and ₦1,475 per dollar. Dis na di average rate wey Central Bank use as official figure every day.
CBN and interbank records still show similar figures around ₦1,460 to ₦1,475 through mid-October.
But for black market — wey people dey call Aboki or Abokifx rate — dollar dey go for between ₦1,480 and ₦1,500.
Forex dealers talk say di gap between both markets still dey because dollar supply for official side no plenty, while importers and investors still dey find more foreign currency.
Dem also point out say some foreign investors don begin sell off local assets and di Central Bank never dey release enough dollar to balance demand.
Wetyn e mean for Nigerians:
Importers: Go pay more when dem buy dollar from black market to import goods.
Remittance receivers: Go get better rate if dem collect through informal routes, but e dey more risky.
Consumers: Prices of imported goods and services fit still go up as dollar price remain high.
As e be now, di naira still dey face wahala for both official and street levels, with small difference of ₦25–₦40 between di two markets.
