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Nigerian naira - Wikipedia ... Nigerian naira
Second-Tier Foreign Exchange Market sometimes known by the acronym SFEM was a second official foreign exchange market in Nigeria that opened in September 1986 and was effective until middle of 1987. [ 1] The market window was open to both Nigerians and foreigners and the initial plan was to find a market rate for the naira.
List of circulating fixed exchange rate currencies
In 2016, the black-market exchange rate of the Naira was about 60% above the official rate. The central bank releases about $200 million each week at the official exchange rate. However, some companies cite that budgets now include a 30% "premium" to be paid to central bank officials to get dollars. [153]
List of currencies in Africa
The forward exchange rate is a type of forward price. It is the exchange rate negotiated today between a bank and a client upon entering into a forward contract agreeing to buy or sell some amount of foreign currency in the future. [2][3] Multinational corporations and financial institutions often use the forward market to hedge future payables ...
Central Bank of Nigeria
Exchange rate - Wikipedia ... Exchange rate