The naira sunk further, an exchange to the dollar now sit at 595/dollar on Friday at the parallel market.
Some bureau de change operators who spoke with the punch correspondent said the dollar was bought and sold at 585 and 595 on Friday.
The dollar was exchanged on Monday at 590 per dollar,
At the Investor and Exporter forex window, the naira slumped by 0.20 per cent to close at N419 after reaching an high of N444 on Thursday.
An over all of $108.24m turnover was recorded at the trading at the I&E windows on Thursday.
The association of Bureaux de change operators of Nigeria had sought the CBN’s support in ensuring bureaux de change operator’s continued to sell dollars to the retail end of the market.
But, as long as forex scarcity continued in the country, experts have said further interventions by the CBN in any sector would be a mirage
The Central Bank of Nigeria, Governor, Godwin Emefiele, and Bankers’ Committee had launched a programme tagged ‘RT200 FX Programme’ to boost forex supply in the country through the non-oil sector in the next three to five years.
“The RT200 FX Programme is a set of policies, plans and programmes for non-oil exports” CONTINUE READING…
News Update Arsenal ended a 22-year wait to be crowned Premier League champions on Tuesday…
News Update A faction of the Peoples Democratic Party (PDP) backed by Oyo State Governor,…
THE Osun State Police Command has launched the Violent Crime Response Unit, VCRU. The launch…
News Update While breakfast is often called the most important meal of the day, eating…
Iran has allegedly revealed plans to place huge bounties on the heads of US President…
The lawmaker representing Surulere I in the Lagos State House of Assembly, Desmond Elliot, has…