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Sunday, September 8
According to Reuters, the $2 billion – ₦3,047,740,000,000 (Three trillion, Forty-seven billion, Seven hundred and forty million naira) using the Central Bank of Nigeria (CBN) buying cap of ₦1523.87 to $1 – would be sourced from international financial institutions.
This is as Nairametrics reported that NNPCL was yet to pay international oil traders a backlog of $6 billion – ₦9,143,220,000,000 (Nine trillion, One hundred and Forty-three billion, Two hundred and Twenty million naira).
The exchange rate for a dollar to naira at LagosParallel Market (Black Market)players buy a dollar for N1555 and sell at N1565 on Thursday 11th July 2024, according to sources atBureau De Change (BDC)..
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