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Naira Under Pressure: Black Market Rates Outpace CBN’s Official Figures
Nigeria’s foreign exchange market continues to experience volatility, with the naira trading significantly weaker in the parallel (black) market compared to the official window. As of today, the USD/NGN exchange rate in the black market stands at: ₦1,605 per dollar (buy) ₦1,615 per dollar (sell) In contrast, the Central Bank of Nigeria (CBN) maintains an official rate of ₦1,539.72...
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