I Almost Cried When I Changed Naira To Dollars Today- Davido

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Nigerian superstar singer, David Adeleke, popularly called Davido, has lamented over the rising dollar rate in Nigeria.

Davido took to his Twitter account, saying that he almost cried when he changed dollars to naira.

The musician despite his wealth in his tweet today, the said that he almost cried when he changed his dollars to naira at the rate of N500 to a dollar.

The foreign exchange crisis increase in the country has called for concerns, despite the assurances by the Central Bank of Nigeria.

The parallel market had responded to the fresh devaluation of the naira amidst growing foreign exchange illiquidity. The local currency weakened to N500/$ at the black market over the weekend.

The Central Bank of Nigeria had adjusted the value of the naira by N6 against the dollar on Friday. That was the third time the naira would be officially devalued this year.

In a weekly exchange rate for disbursement of proceeds of International Money Transfer Service Operators issued on Friday, market dealers, including bureau de change players and service providers, were advised to add N6 to existing rates.

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