Naira to Dollar exchange rate would depreciate to N620/$1 in the parallel market otherwise known as the black market before the end of 2022.

Brand News Day Nigeria reports that the Founder of Agusto & Co Limited, Mr. Bode Agusto made this known during a webinar recently that the Naira to dollar exchange rate would depreciate to N620/$1 in the parallel market before the end of 2022.

Mr. Bode Agusto made this known in a webinar titled, “Nigeria in 2022- Will 2022 Be a Year of Strong Growth Driven by Herd Immunity from COVID-19?”

He also explained that if the CBN maintains its current stands not to sell dollars directly to the Bureau De Change (BDC) operators, the Naira to dollar exchange rate would depreciate to N620/$1 in the parallel market before the end of 2022.

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