Nigeria Market, Exchange and Economic News
Nigeria Treasury News Letter. Nigeria Deposit Rate Guide
NIGERIA ECONOMIC NEWS
The Central Bank of Nigeria (CBN) promised to increase the supply of dollars to Bureau De Change (BDCs) operators by as much as $200m a week in order to narrow the gap between the official and black market exchange rates. The official exchange rate is currently N146.6/$1 compared to N180/$1 in the black market.