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Naira exchanges for N457/$ at the parallel market

Naira has gained after it exchanged for N457 per dollar at the parallel Market on Tuesday.

This is coming after it exchanged at N465 per dollar a week earlier.

The President, Association of Bureaux De Change Operators, Alhaji Aminu Gwadabe, said;

“The intervention sales of proceeds of international money transfer operators to BDCs have always been positively impactful in the market over the years.

“BDCs remain the most potent tool of the CBN exchange rate stability management.”

The CBN had retained the official exchange rate on its website at N379/$, as it continued moves to ensure the unification of the exchange rates in the country.

 

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