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…

 

 

---

1. Advance your career with Tekedia Mini-MBA (Feb 7 – May 7, 2022): 140 global faculty, online, self-paced, $140 (or N60,000 naira). Click and register here.

2. Click to join Tekedia Capital Syndicate and own a piece of Africa’s finest startups with a minimum of $10,000 investment.


Share this post

Post Comment