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EXCHANGE RATE
At the black market where forex is traded unofficially, the Naira remained stable against the dollar to close at N460/$1 on Tuesday.
$50 million was sold to foreign investors on the spot and forward market.
The Naira appreciated against the dollar to close at N440/$1 on Tuesday.
The sales of forex to BDCs will inject more liquidity to the retail end of the foreign exchange market.
The Naira remained stable against the dollar to close at N477/$1 on Thursday at the black market.
The Naira depreciated against the dollar at the Investors and Exporters window on Monday.
FX turnover is still a far cry from the over $200 million turnovers recorded in January.
The Naira remained stable again against the dollar to close at N475/$1 on Tuesday.
The Naira remained stable against the dollar to close at N475/$1at the black market.
The exchange rate between the naira and dollar was offered for as high as N485/$1.
Reopening of the BDC window for foreign exchange would crash the prevailing spike in the exchange rate.
Total turnover for the week was $136.9 million, one of the lowest in weeks.