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Why Are Banks Charging Above Black Market Rates? - Business - Nairaland

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Why Are Banks Charging Above Black Market Rates? by Metrofox(m): 3:28pm On May 26, 2017
26/5/2017
Access bank 1$=#385.
€1=#421.9
Gtbank $1=#399-400

What exactly is going on? Is the cbn asleep or there's a cabal in the bank now extorting the public remember cbn sells to these guys at #305-$1 and they in turn sold at #325 until last week..
Re: Why Are Banks Charging Above Black Market Rates? by hisgrace090: 3:55pm On May 26, 2017
Because we are in Nigeria.
Re: Why Are Banks Charging Above Black Market Rates? by Metrofox(m): 3:57pm On May 26, 2017
So commercial banks are allowed to conduct business without restrictions?

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