The apex bank disclosed this in a circular to the President, Association of Bureau De Change Operators of Nigeria
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Alhaji Aminu Gwadabe, President, ABCON, said this while speaking to the News Agency of Nigeria on Sunday in Lagos.
Alhaji Aminu Gwadabe, President of ABCON, told newsmen on the sidelines of a one-day sensitisation workshop in Lagos that the association was ready to deepen its collaboration with the Central Bank of Nigeria to sustain exchange rate stability
Gwadabe told the News Agency of Nigeria on Monday in Lagos, that the development in the stock market and the political intrigues before the 2019 general elections was worrisome.
The financial expert, however, said the naira had remained stable in the local market exchanging between N360 and N365 to the dollar in the past five months
Gwadabe told the News Agency of Nigeria in Lagos that exiting recession was as a result of the government’s effective management of fiscal and monetary policies as witnessed lately.
Alhaji Aminu Gwadabe, the President, Association of Bureau De Change Operators of Nigeria, said that the outlook of the Naira remained positive
Meanwhile, Alhaji Aminu Gwadabe, the President, Association of Bureau De Change Operators of Nigeria, said the association was expecting an increment in dollar sales to its members this week
Meanwhile, Alhaji Aminu Gwadabe, the President, Association of Bureau De Change Operators of Nigeria, said currency speculators were expected to lose billions of Naira to the new forex policy