The Nigerian naira was traded at N461.50 versus the US dollar in the Investors’ and Exporters’ foreign currency (FX) window on Friday. According to experts, this represents a N293.50 premium above the open market rate. Due to its shortage, local money is presently difficult to use for transactions throughout Nigeria. These pressures have persisted, in … Continue reading Naira Trades N293.50 Higher Than Open Market Rate