- The Nigerian currency is being exchanged against the US dollar at different rates in the global foreign exchange markets
- This occurs despite efforts by the CBN to provide stability by selling dollars to the Bureau de Change operators
- The CBN recognises the Nigerian Autonomous Foreign Exchange Market (NAFEM) window as the official market and the black market as the unofficial market
Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Naira in the foreign exchange market is trading at four different exchange rates against the US dollar on Monday, April 29, 2024.
