Blackmarket Speculators Loss As Naira Gains N70 Against US Dollars A few days after security personnel stormed several Bureau De Change (BDC) hubs in Abuja, Lagos and Kano, the naira has continued to strengthen on the black-market strengthening to N640 per dollar. Recall that at the...

Nigeria's naira hit its weakest level on the black market in more than a week at 460 to the dollar on Wednesday, as a central bank move to channel dollars to retail currency outlets failed to ease liquidity shortages, traders said. The unit had been...