Nigerian black market currency rates for December 28, 2016

Euro Exchange Rate to Nigeria Naira Exchange Rate in black market today: 495/ 505

Dollar Exchange Rate to Nigeria Naira Exchange Rate in the black market: 480/ 485

Pound Sterling Exchange Rate to Nigeria Naira Exchange Rate in black market: 580/ 590

Scarcity of forex continues to exert enormous pressures on the Naira.

Alhaji Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria (ABCON) described the pressure on the Naira as disturbing and dangerous to investment, output and employment.

Gwadabe called for harmony between the fiscal and monetary policies in addressing the woes of the Naira.

“There is the need for concerted collaboration among both the fiscal, monetary policy makers and the operators in the economy to address this monster facing the economy.

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