The local currency began at 745 per £1 on the parallel market, often known as the black market, in Lagos, Nigeria, today, Thursday, February 03, 2022, after closing at 755 per £1 on Wednesday, February 02, 2022.
What is the cost of purchasing pounds or converting naira to pounds?
On Thursday morning, February 2, 2022, the players buy pounds for 740 and sell for 745 on the black market, following buying 750 and selling for 755 on Wednesday morning, February 2, 2022.
This is a ten-fold change.