As we look ahead to 2023, it’s important to consider the exchange rate between the US dollar and the Nigerian naira. The black market has long been a source of concern for economists and policymakers, as it operates outside of official channels and can have a significant impact on the overall economy.

One key trend that has emerged in recent years is the increasing volatility of the black market exchange rate. Fluctuations in the value of the naira against the dollar have been driven by a variety of factors, including political instability, economic sanctions, and changes in global oil prices. This volatility makes it difficult to predict with certainty what the exchange rate will look like in 2023.

Despite the uncertainty, there are some indicators that can help us make an educated guess about where the black market exchange rate might be headed in the coming year. For example, analyzing past trends in the demand for dollars on the black market can provide insight into potential future fluctuations. Additionally, keeping an eye on any upcoming political or economic events that could impact the value of the naira can also be useful in making predictions.