Home Latest Insights | News What is the (parallel) exchange rate of Naira for USD now?

What is the (parallel) exchange rate of Naira for USD now?

What is the (parallel) exchange rate of Naira for USD now?

What is the (parallel) exchange rate of Naira for USD now?

(I am asking this question to test the hypothesis of the power of digital aggregation construct where controllers of demand hold power. The Central Bank of Nigeria publishes the official rate; every other rate should be considered in the den of black market. However, aggregators have evolved, making the black market to become the alternative FX window – and that is the problem. If you struggle to come up with a number, you will then see how AbokiFX emerged to become the super-aggregator on FX rate in Nigeria)

Watch this video…

Tekedia Mini-MBA edition 14 (June 3 – Sept 2, 2024) begins registrations; get massive discounts with early registration here.

Tekedia AI in Business Masterclass opens registrations here.

Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.

 

 


---

Register for Tekedia Mini-MBA (Jun 3 - Sep 2, 2024), and join Prof Ndubuisi Ekekwe and our global faculty; click here.

No posts to display

Post Comment

Please enter your comment!
Please enter your name here