The exchange rate between the Naira and the Dollar seems to have reached parity following the central bank's crackdown on Binance, a platform for trading cryptocurrencies.
CBN has attributed the widening disparity between official and black market exchange rates to the 43 banned items implemented in 2015.
There are mounting concerns that the widening disparity between the dollar and naira may be triggering a new wave of forex round tripping.
Despite the intervention measures by the CBN, why does the disparity between the official and black-market rates remain high?
