Tag: Naira Exchange Rate

The Central Bank of Nigeria (CBN) has advised those interested in forex to get in touch with their particular banks before proceeding because it does not recognize the parallel market (black market). The black market (parallel) exchange rate is always different from the CBN rate. The Nigerian economy is greatly impacted by the exchange rate…

The exchange rate between the Naira and the US dollar according to the data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira opened at ₦416.25 per dollar on Thursday, January 13th, 2022, after it closed at ₦416.00 per $1 on Wednesday, 12 January 2022. This represents a change…