Forex: Parallel Market Premium Has Shrunk By 48% In 3 Years, Says Cardoso

Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said reforms in Nigeria’s foreign exchange market have significantly narrowed the gap between the official and parallel market rates, with the premium shrinking from about 50 per cent in 2022 to less than two per cent in 2025. This is because the value of the […]


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