Thursday July 18, 2024, according to sources compiled by Team Spectra, parallel market operators are currently offering dollars at N1600/$1 to prospective buyers amidst mounting economic pressures in the country. A comprehensive analysis conducted by Team Spectra reveals that the exchange rate has been under significant strain, consistently depreciating, particularly noting the ongoing decline in the official market.
Data sourced from PiggyVest and Bamboo indicates that as of Thursday, July 18, 2024, the dollar is trading above $1630.”
