According to FMDQ, an official website for forex trading, the trading market opened with the exchange rate at ₦414.44 to $1, after closing at ₦415.10 on Tuesday.

In the parallel market also known as the black market,dollar opened at ₦570 to $1 today.

However, the CBN has directed anyone who requires forex to approach their bank as the Apex bank does not recognize black market.

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