Ahead of inauguration of the incoming government, Naira have fallen to N765 per $1.
A Bureau De Change Operator in Zone 4 Abuja, Danzali Abdulrahman, revealed this on Friday.
He explained that the buying price of the Dollar against the Naira at the parallel market, popularly known as black market, is N765/$1, while selling price is N745/$1.
“There is high demand for the Dollar at the moment; we sell for N765/$1, while buying at N745/1$ as of Friday morning”, he said.
When Buhari took the oath of Office on May 29 2015, an average exchange was 197/$1 according to Exchangerates.org.uk.
It further revealed that the worst exchange rate stood at N179.8924/$1 on January 11 2015.
However, as Buhari prepares to exit the seat of power on May 29, Dollar to Naira now stands at N765/$1.