- Official rate at N1,511.859 per dollar, parallel market rate at N1,520
- Differential reduced to just about N8.141
Nigeria’s naira has moved closer to convergence between its official and parallel market rates on Thursday since it was floated a year ago. The currency traded at N1,511.859 to a dollar on the official market, according to the rate quoted on the Central Bank of Nigeria’s website on Thursday, and N1,520 on the parallel market. That reduced the differential between the rates in the markets to just about N8.141.
You need an active subscription to continue reading this article.
