The exchange rate gap between the official and parallel segments of the foreign exchange market narrowed by more than a half in one week amid a decline in the demand for dollars. The exchange rate spread narrowed to N226.72 per dollar on Friday from N494 a week earlier.
Naira rate gap narrows as dollar demand drops
Naira rate gap narrows as dollar demand drops
Naira rate gap narrows as dollar demand drops
The exchange rate gap between the official and parallel segments of the foreign exchange market narrowed by more than a half in one week amid a decline in the demand for dollars. The exchange rate spread narrowed to N226.72 per dollar on Friday from N494 a week earlier.