The naira exchange rate gap between the official and informal segments widened to N28 on Wednesday, as the local currency continues to swing on both sides depending on FX liquidity.
https://dmarketforces.com/official-parallel-markets-fx-gap-widens-as-naira-swings/
The naira fell from the rally tarmac at the Central Bank of Nigeria (CBN) official exchange rate platform on increased demand for US dollars amidst tight supply. The local currency also lost weight against the greenback at the parallel market, widening the FX spread.
https://dmarketforces.com/naira-falls-at-official-parallel-markets-on-higher-fx-demand/
#Naira #FX #FXMarket #parallelmarket #Nigeria #currencymarket
The official and parallel market exchange rates gap narrowed to N2 again in the just concluded as analysts maintain bullish expectation on the local currency outlook.
https://dmarketforces.com/naira-exchange-rates-gap-narrowed-amidst-bullish-expectations/
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