The naira is currently trading above N1,300/$ on the Peer-to-Peer cryptocurrency window on Tuesday.
This is as many traders on the parallel market confirmed that the national currency is trading close to N1,300 in that segment of the market.
On the Binance platform, the naira is currently quoted above N1,300/$.
Some Bureau de Change Operators said that the quoted value is reflective of market realities.
An Abuja Bureau de Change seller at Zone 4, Magaji Muhammed, said the price had increased to N1,300/$
He said, “Currently, we are selling for N1,300/$. We are witnessing more demand and that’s why.”(Details)
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