Alhaji Aminu Gwadabe, ABCON’s President, made the remarks in an interview with the News Agency of Nigeria on Saturday in Lagos.
Browsing: Exchange rate
Traders at the market remained resolute that the Naira would soon firm up against other currencies as China and Nigeria strengthened trade relations
Gwadabe said the recent decision of the CBN to stop the sale of foreign exchange to BDC operators made the business unsustainable to its members, thereby leaving room for unauthorised dealers to flood the market
A breakdown of Friday’s transactions showed that the Naira appreciated marginally by 10k, against the pound, trading at N254.08 from N254.09 at the official market