Connect with us

News

DOLLAR CRUSHED AGAIN: See Dollar to Naira black market exchange rate

Published

5 months ago

on

Fresh Trouble For Forex Traders As CBN Cuts BDCs Off From Dollar Supply

The Dollar to Naira exchange rate in the black market continues to highlight Nigeria’s forex supply challenges, with many individuals and businesses relying on the parallel market for transactions.

CBN maintains tighter controls and a lower rate at official windows, limited access and allocation restrictions force most importers, businesses, and students abroad to turn to the parallel market, where prices reflect actual demand and supply pressures. Click link to continue reading.

READ ALSO  FULL LIST: INEC Declares Winners in Six FCT Councils; See Real Winners

5 things to know about Nigeria's $3.4 billion IMF loan repayment by Tinubu

CBN retains interest rate at 27.5% — third time in 2025

Related Topics:
Advertisement

Your email address will not be published. Required fields are marked *