# The official-parallel naira gap narrows to under 5 percent Date: 2024 ## The fact 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](/people/olayemi-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. A 2027 ballot is not this page’s completed Fact. Chicago-State certificate weather remains allegation unless a court so holds on its own row. ## Evidence and sources Central Bank of Nigeria carries the official instrument or communique. Reuters records the same dated act independently. ## Significance The path is [fiscal-policy sustainability](/drivers/fiscal-policy-sustainability): a completed FX-arbitrage close. ## What is established and what is not 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. What would change the picture: a contradictory original with a different date or name, a later repeal, a court that vacated the instrument, or a measured series that can be argued, with lag and alternatives, as a consequence of this instrument rather than of later institutions. The date is the date of this instrument, not a licence to back-date every later harm or benefit. He owned the 2023 unification. Dealers share the file.. 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. The official-parallel naira gap narrows to under 5 percent on 2024-12-31 is not a licence to treat every later Central Bank of Nigeria communique as this same act. If a later repeal, stay, or successor instrument exists, it needs its own date and its own row. This dossier refuses to average The official-parallel naira gap narrows to under 5 percent into a personality. The contribution described on this Person row is limited to CBN operated the window. He owned the 2023 unification. Dealers share the file. That limit is the alternative to treating office-holding as authorship of every later series. ## People - Bola Ahmed Tinubu: https://factrail.ai/people/bola-tinubu ## Drivers - Fiscal-Policy Sustainability: https://factrail.ai/drivers/fiscal-policy-sustainability - Industrial-Policy Activism: https://factrail.ai/drivers/industrial-policy-activism ## Sources - https://www.reuters.com/world/africa/nigeria-reforms-helped-avert-economic-collapse-finance-minister-says-2026-08-19/ - https://www.cbn.gov.ng/ ## Methodology https://factrail.ai/methodology Canonical: https://factrail.ai/facts/ng-fxgap-2024