Cbn news on dollar black market
Here are some recent news articles from CBN News on the dollar black market:
- Nigeria's Black Market Dollar Rate Hits N570 as Economy Continues to Struggle (February 2023)
The naira has continued to struggle against the US dollar on the black market, with the exchange rate hitting N570 to the dollar. The official exchange rate is around N415 to the dollar, but the black market rate is significantly higher due to a shortage of foreign currency in the country.
Source: CBN News, February 2023
- Dollar Scarcity Worsens Black Market Rate in Nigeria (January 2023)
The scarcity of US dollars in Nigeria has worsened the black market rate, with the exchange rate hitting N560 to the dollar. The Central Bank of Nigeria (CBN) has been trying to manage the exchange rate, but the black market rate remains higher due to a lack of foreign currency in the country.
Source: CBN News, January 2023
- Nigeria's Black Market Dollar Rate Hits N540 as Economy Faces Challenges (December 2022)
The naira has continued to struggle against the US dollar on the black market, with the exchange rate hitting N540 to the dollar. The official exchange rate is around N410 to the dollar, but the black market rate is significantly higher due to a shortage of foreign currency in the country.
Source: CBN News, December 2022
- CBN Introduces New Measures to Curb Black Market Dollar Rate in Nigeria (November 2022)
The Central Bank of Nigeria (CBN) has introduced new measures to curb the black market dollar rate in the country. The measures include increasing the amount of foreign currency that can be taken out of the country and imposing stricter regulations on foreign exchange transactions.
Source: CBN News, November 2022
- Nigeria's Black Market Dollar Rate Hits N520 as Economy Faces Challenges (October 2022)
The naira has continued to struggle against the US dollar on the black market, with the exchange rate hitting N520 to the dollar. The official exchange rate is around N390 to the dollar, but the black market rate is significantly higher due to a shortage of foreign currency in the country.
Source: CBN News, October 2022
These are just a few examples of recent news articles from CBN News on the dollar black market in Nigeria. The situation is constantly evolving, and the exchange rate can fluctuate rapidly due to various factors such as economic conditions, government policies, and global events.