black window 2020

There's no word on pricing or a firm release date beyond the long-established holiday 2020 window, but at least you finally, at long last, know what the darn thing will look like when it's under your TV.

Whereas the black market rate averaged N730/$, the I&E window finished at suppressed N447/$ on average. That puts the arbitrage at N283/$, pushing the CBN's FX subsidy in the year to about N3.65 trillion. [DailyTrust]

The premium between the parallel exchange rate and the official rate widened from March 2020 until June 2023.

"The I&E window rate was at N428, the Black market was at N670/700 -  So an N200 to N300 premium?