On Thursday, data from the official window and the black channel showed that the gap between the two markets’ rates is now N120.56 kobo.

According to Naira Rates, a parallel market aggregator, the average price of the dollar was N901.9/$1, increasing from N891.4/$1.


The rate the United States currency was offered rose by N10.5 kobo, as the value of the Nigerian banknote depreciated by 1.17 per cent.

However, in the Investors’ and Exporters’ window of the official market, the price of the American greenback dropped slightly by N1.04.

At the end of trading in the Investors’ and Exporters’ window, FMDQ Exchange, an official channel aggregator, disclosed that the USD closed trading at N781.34/$1, below the previous day’s N782.38/$1 rate.

To read more, click the link below
https://www.primebusiness.africa/gap-between-black-market-official-window-dollar-rates-hits-n120-56/