A Google search shows the Nigerian Naira is trading at 184 per US dollar, nearly twice as strong as its current value of 362. However, a quick look at the chart shows the currency at the correct value, trading around N360 to the dollar.
Google has released a statement to clear the air. The comppany tweeted, "We’re aware of an issue causing inaccurate conversions for Nigerian Naira currency, so we will remove the conversion onebox from appearing in search results until we are able to diagnose the issue."
Nigeria's elections kick off on Saturday and the main contenders are President Muhammadu Buhari, who is seeking a second term in office, and former Vice President Atiku Abubakar.
Nigeria's central bank keeps intervening
On Tuesday, Nigeria's central bank pumped $210 million into the inter-bank foreign exchange market in its determination to boost supply in that sector of the market.
Isaac Okorafor, CBN spokesperson said the CBN was very pleased with the stability of the forex market and it will continue to intervene in order to ensure the liquidity in the market.
According to him, having virtually achieved the objective of rates convergence, the bank was committed to sustaining the gains recorded in the foreign exchange market.