The VP's media aide further noted thus, "for context, the vice president's point was that the naira exchange rate benefits only those who can obtain the dollar at N410/$1, some of who simply turn round to sell to the parallel market at N570/$1.
The Nigerian naira has moved from being overvalued to undervalued following the government’s long-awaited foreign exchange reform, analysts at US-based Bank of America said in a June 28 note to clients.
“We now see a USDNGN fair value of 680 per USD (previously 580). However, USDNGN is likely
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