The Nigerian naira weakened significantly against the U.S. dollar on Thursday, causing the spread between the official and black-market exchange rates to shrink to less than ₦2—a rare convergence that’s drawn market attention Data released by the Central Bank of Nigeria (CBN) indicated that the official exchange rate depreciated to ₦1,533.11 per dollar, with intraday … Continue reading Naira Hits ₦1,533, Narrowing Official And Parallel Market Exchange Rate Gap