At the advent of democratic rule(Civilian rule) in 1999 under the People’s Democratic Party (PDP), the US dollar was sold for N21.89; Under the administration of former President of Nigeria, Doctor Goodluck Ebele Jonathan, Naira was sold at 125 per Dollar, while he met it at 95 per United states one(1) dollar. On May 29, 2015, under the All Progressive Congress(APC) administration it was N199. Since then, Naira value keep on demoting, As of Yesterday 6, September 2020 Naira is rated 381.50 While at Black Market is 440.00. On 1st January 2016, 1 USD =196.75NGN, on 13th January 2017 1 USD =315.0NGN, in January 12 2018, 1 USD = 357.00NGN, While on the 5th January 2019 1 USD is rated at 365.50.January 16th 2020, 1USD = 365.45NGN.
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