L
LequteMan
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The Nigerian Naira on Wednesday gained 1.01% against the dollar at the parallel market, exchanging at N390 from the N395 it traded on Tuesday.
Currency traders said they are hopeful the intervention of the Central Bank of Nigeria (CBN) at the Forex market would translate to a steady recovery of the naira.
Mr Harisson Owoh, a Bureau De Change (BDC) operator, also said that Deposit Money Banks (DMBs) were perfecting the documentation required to commence the sale of dollars to BDCs.
Owoh said that the exercise would, sooner than later, see to the appreciation of the nation’s currency at the Forex market.
PM News
Currency traders said they are hopeful the intervention of the Central Bank of Nigeria (CBN) at the Forex market would translate to a steady recovery of the naira.
Mr Harisson Owoh, a Bureau De Change (BDC) operator, also said that Deposit Money Banks (DMBs) were perfecting the documentation required to commence the sale of dollars to BDCs.
Owoh said that the exercise would, sooner than later, see to the appreciation of the nation’s currency at the Forex market.
PM News
