The price of the dollar continues to fall in Nigeria

 The price of the dollar continues to fall in Nigeria The price of the dollar is falling in the currency exchange market in Nigeria from 940...

 The price of the dollar continues to fall in Nigeria

The price of the dollar is falling in the currency exchange market in Nigeria from 940 naira to 890 naira on Wednesday morning, according to the information obtained by the BBC from the exchange market in Lagos.

The data said that on Tuesday morning, the US dollar was sold at 940 naira, and in the evening, it fell to 927 naira in the Lagos exchange market.

This is coming after a meeting with the Acting Governor of the Central Bank of the country, Folashodun Shonubi, with President Bola Tinubu on Monday, on how to revive the value of the Naira.

In the exchange market in Abuja, on Wednesday morning, the dollar fell to 900 naira, after on Tuesday morning, it was sold at 947 naira, and at night, it went down to 910 naira.

Also in Kano in the north of the country, information from the Wapa exchange market shows that the dollar fell from 946 naira on Tuesday morning to 900 naira this Wednesday morning.

Last night, the dollar began to fall in the exchange markets of Kano where it fell to 927 naira.

This incident shows that the value of the naira has started to recover, after the fear that was shown last week that the US dollar could reach more than 1,000 naira.

Later, BBC Hausa again contacted the brokers in the exchange market in Abuja, where they told us that the dollar has fallen again from 900 naira with which the market opened in the morning to 800 naira at around 1:00 in the afternoon. Today is Wednesday.

At the Kano foreign exchange market, a dealer told us that the dollar was sold at 890 naira from 1:30 in the afternoon, not as it was sold at 900 naira this morning.

But like in legas, the price has not changed.

This shows the rapid rise and fall of the Nigerian foreign exchange market at this time.