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The exchange rate for a dollar to naira at LagosParallel Market (Black Market)players buy a dollar for N1020 and sell at N1050 on Wednesday 17th April 2024, according to sources atBureau De Change (BDC).
“Most of the raw materials used in the production of bread are imported, and the fluctuating exchange rate significantly affects the prices of these essential inputs,” he stated.
The Premium Breadmakers Association of Nigeria (PBAN) has shed light on the escalating costs of bread in the country, citing exchange rate volatility and international conflicts as primary factors..
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