Naira Edging Closer: Just N70 Difference Between Official and Black Market Rates as Convergence Approaches
The naira is heading for a convergence at both official, parallel windows as only N70 separate the Nigerian currency and the American dollar. While the naira slumped at the official window for the fourth consecutive day, the Nigerian currency appreciated at the black market to close the gap between both rates significantly. FMDQ data showed…
