Dollar, Euro, Pound Rates in black market for Dec 30, 2016

Nigeria Naira continues to decline steadily or remains flat with each trading day/week. Kindly check today’s black market rates below.

Here is the constant story that you will continue to hear with regard to the reason behind Naira depreciation – No Forex liquidity in the black market.

The trading pattern in the Nigeria Black Market is this: lack of liquidity causes the naira to lose value at an exponetial rate while stability leads to price stagnation.

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: 483/ 486

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

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