nigerian parallel market

  1. Naira Strengthens to N1,725 per Dollar in Black Market as Official Rate Falls

    Nigeria Naira Strengthens to N1,725 per Dollar in Black Market as Official Rate Falls

    The naira appreciated to N1,725 per dollar in Nigeria’s parallel market but depreciated to N1,676.9 in the official Nigerian Autonomous Foreign Exchange Market (NAFEM). Turnover in the official market dropped by 15.6%, with the rate gap narrowing. The naira appreciated in Nigeria’s parallel...
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