Tag: Black Market

Scarcity: Petrol sells for N200 on black market

March 1, 2016 As the scarcity of petrol continued on Monday across the country, illegal hawkers of the commodity on the black markets resurfaced in parts of Lagos, Abuja and other cities, selling the product for between N120 and N200 per litre to desperate motorists and other users. The official […]

Naira Trades 365 against Dollar in Black Market

By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian naira on Wednesday traded at N365 against $1, according to Cordros daily market update compared to a range of N347 to N352 traded on Tuesday on the parallel market. The update reported that in the interbank market – the naira had appreciated against two (2) […]