The naira gained slightly on Friday, exchanging for N470/$ in the parallel market in the evening, after selling at N476/$ in the morning.
This followed the Central Bank of Nigeria’s announcement on Thursday to resume forex sales to the Bureau De Change segment of the market.
The President, Association of Bureaux De Change Operators of Nigeria, Alhaji Aminu Gwadabe, said, “The naira has gained over $5/$ yesterday at the close of business due to only announcement of the resumption of sales to the BDCs as it closed at N470/$ from all high of N476/$ in the morning.
The CBN had stated that it would resume foreign exchange sales to the BDCs for business travels, personal travels and other designated retail uses as soon as international flights resumed.
– Punch
No comments yet... Be the first to leave a reply!