President Bola Ahmed Tinubu’s economic reforms have led to a major breakthrough in Nigeria’s foreign exchange market, with the difference between the official and parallel market exchange rates now reduced to just ₦1.

This achievement follows key decisions made by President Tinubu, including unifying the forex windows and allowing market forces to play a greater role in determining rates. The result is increased investor confidence, reduced arbitrage, and stronger transparency in the system.

The near-equal exchange rates are being hailed as a sign of economic stability and a reflection of the President’s commitment to long-term reforms that strengthen the Naira and promote a more stable business environment.