- The gap between the official and black market rates in the foreign exchange rate market has narrowed
- The development is due to the continued depreciation of the naira against the US dollar in all markets
- The development follows as the external reserves saw a marginal increase of $262 million to hit $32.627 billion
Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment, and the economy for over a decade.
The gap between official and parallel markets has narrowed to just N3 as the Nigerian currency continues to depreciate without continued interventions by the Central Bank of Nigeria (CBN) in the FX market.
