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Nigeria Opens Official Dollar Market to FX Bureaux to Close Naira Street-Rate Gap

February 11, 2026 at 12:34 PM
By Emele Onu
Nigeria Opens Official Dollar Market to FX Bureaux to Close Naira Street-Rate Gap

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The Central Bank of Nigeria has for the first time granted currency-exchange bureaux access to dollars at the official market, seeking to ease retail shortages and narrow the gap between the naira’s formal and street rates.

Analysis & Context

The Central Bank of Nigeria has for the first time granted currency-exchange bureaux access to dollars at the official market, seeking to ease retail shortages and narrow the gap between the naira’s formal and street rates. This article provides comprehensive coverage and analysis of current events.

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The Central Bank of Nigeria has for the first time granted currency-exchange bureaux access to dollars at the official market, seeking to ease retail shortages and narrow the gap between the naira’s formal and street rates.

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