Sign of stress: Black market is cheaper than official Naira rate

Sign of stress: Black market is cheaper than official Naira rate
*Naira weakens past black-market rate in Nigeria’s new exchange *Forex window used by hedge funds and institutional investors 09 May 2017 London — Nigeria’s new currency market is showing just how severe the country’s dollar shortage is. The naira is falling to levels weaker than the black-market rate in a foreign-exchange window set up for […] More »
Sign of stress: Black market is cheaper than official Naira rate Sign of stress: Black market is cheaper than official Naira rate Reviewed by Crude Oil Facilitators on 12:55 Rating: 5

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