The foreign exchange crisis in Nigeria has deepened as the Nigerian naira surpassed the grim milestone of N1,000 to the US dollar in the parallel market, according to Daily Trust. A survey of popular black markets in Lagos showed that the dollar traded between N1,000 and N1,050 during the early...
Nigeria's finance Minister, Kemi Adeosun today announced that the country will eliminate forex black market.
According to REUTERS, Adeosun said, the central bank (CBN) "has been directed to do this and CBN has promised to do something by putting a system in place to eliminate the black market...
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