Bad News: Naira Crashes Again in the Black Market…See Current Value

Naira has tumbled again in the parallel market thereby dashing the hopes of a possible recovery in the course of the week.


These are the currency exchange rates for today, September 22, 2016, powered by Zenith Bank. It would be recalled that the naira was exchanged for a dollar at the rate of N424 yesterday at the black market but it has fallen to N428 today.

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Meanwhile, the interbank rate has remained stagnant since last week.



  1. Hi Gogo. You said ‘which way Nigeria’?. Yes, the way to go is to look inward, within Nigeria , how we can increase export to other countries and earn foreign exchange. With the type of Nigeria economy with mono product and the price of the product has gone down, the Naira will continue to fall. We need to diversify the economy: agriculture and manufacturing. Also the Niger Delta Avengers should stop the blowing up of the pipelines. Two wrong cannot make a right. Previous governments have neglected the area with no development. However breaking the pipelines will only cause more environmental pollution.

  2. Abiodun, you have dissected the issue and your proffered solution should be sent to House of Representatives for the benefit of our country.
    God bless you

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