🗣️ Gist💰 Money Matters
🎖️Corporal

Naira Gains N5.55 at Official Market But Black Market Refuses to Move , Who's Lying?

C

3 months ago

The official rate says N1,360, the street says N1,430, and somehow both are "the market." CBN's data shows our reserves sitting pretty at $52 billion, yet the gap between the two rates is still shouting that something isn't adding up. If the naira is truly appreciating, why is the black market rate stuck like a stubborn Lagos traffic jam?
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