Nigerian celebrities have decried the rise of the dollar against the naira.
The naira had crashed further in the parallel market, trading for ₦710 against the U.S. dollar on the exchange platform Aboki Forex.
Reports on Wednesday, July 27th showed the current parallel market rate pegged at ₦710 to a dollar.
TV host Ebuka Obi-Uchendu took to his Twitter page to scream about the increase.
See tweet below
— Ebuka Obi-Uchendu (@Ebuka) July 27, 2022
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Nollywood actress Ini Edo on her part, took to her Instagram story to advise Nigerians to get their PVC so they can vote in new leaders that will reform the economy next year.
It’s only a few days left. If not, then you would have lost your right to complain if this mishap befalls us again!
I pray that affliction will not arise the 2nd time. Rise up. For your information, DSTV rate is also on a constant rise and so is data.”
When CBN Governor Godwin Emefiele banned the sale of forex to BDC, the exchange rate was around ₦501 to a dollar. However, a year after the ban, the value of the naira plummeted to ₦670 to a dollar.
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