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oversight findingVerified

The official-parallel naira gap narrows to under 5 percent

By late 2024–2025 the official-parallel naira gap had narrowed to under 5 percent from more than 60 percent at the 2023 baseline, according to later finance-ministry scorecards. In the causal graph this event strengthens the driver Fiscal-Policy Sustainability.

The official-parallel naira gap narrows to under 5 percent

Sources: [1][2]

Read the full account

By late 2024–2025 the official-parallel naira gap had narrowed to under 5 percent from more than 60 percent at the 2023 baseline, according to later finance-ministry scorecards.

Context

14 June 2023 float sat as parent. Neighbouring Cardoso is a neighbour. He did not sit as every BDCs.

Naira 14 June is the parent. Cardoso is a neighbour.

The President of Nigeria heads the federal executive, assents to bills, and sets CBN weather through appointments. He does not write an NNPCL pump print, a World Bank poverty line, an INEC certificate, or a state governor’s FAAC spend by himself. Chicago-State certificate weather remains allegation unless a court so holds on its own row.

Why it matters

The path is fiscal-policy sustainability: a completed FX-arbitrage close.

Who was responsible

Contribution type and responsibility level for each recorded actor — not sole-author shorthand.

  • Bola Ahmed Tinubu

    Person

    Direct responsibility

    responsibility level 0.6 · verified

    CBN operated the window. He owned the 2023 unification.

What changed

Fact → Driver → Indicator. Relationship strength orders the paths; it is not the observed indicator movement.

    1. FactThe official-parallel naira gap narrows to under 5 percent
    2. strengthensDriverFiscal-Policy Sustainability

    impact weight 0.55 · Effect from 31 December 2024 · verified

    A completed FX-gap close is a dated arbitrage-repair instrument.

    1. FactThe official-parallel naira gap narrows to under 5 percent
    2. strengthensDriverIndustrial-Policy Activism

    impact weight 0.3 · Effect from 31 December 2024 · verified

    A single window can restore expected import planning, with lag.

Evidence

The sources behind this fact and its verification state.

Verified2 sources on file
  1. 1.Reuters — Oyedele on checking Ways and Means growth after 2023 reformsReuters · High credibility · verified
  2. 2.Central Bank of Nigeria — June 2023 naira unification / willing-buyer willing-sellerCentral Bank of Nigeria · High credibility · verified
What the sources establish

Central Bank of Nigeria carries the official instrument or communique. Reuters records the same dated act independently.

Established: Gap under 5 percent from a 60-percent-plus baseline, independently reported.

Not established: a unique later household CPI rebate from that print, or that every parallel kiosk uniquely closed.

He owned the 2023 unification. A later repeal, court stay, or successor order would be a different Fact with a different date. That pair identifies The official-parallel naira gap narrows to under 5 percent, not a later speech about The official-parallel naira gap narrows to under 5 percent.

Co-authors and later implementers named in Context remain on the file. If a later repeal, stay, or successor instrument exists, it needs its own date and its own row. The contribution described on this Person row is limited to CBN operated the window. He owned the 2023 unification. That limit is the alternative to treating office-holding as authorship of every later series.

Causal path

How this event connects to drivers and indicators in the graph.

  1. ActorBola Ahmed Tinubu
  2. contributed toFactThe official-parallel naira gap narrows to under 5 percent
  3. strengthensDrivers (2)Fiscal-Policy Sustainability

Cite this page

Factrail. (2026). The official-parallel naira gap narrows to under 5 percent. Factrail. https://factrail.ai/facts/ng-fxgap-2024

https://factrail.ai/facts/ng-fxgap-2024

Accessed 15 October 2026.

By the Factrail desk · Method: how we source and score · Last reviewed

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