Experts have projected that the interbank rates at the Nigerian money market will remain depressed in the meantime.
COVID-19 pandemic and the crash in oil prices have all but extinguished supply of dollars from the IFEX market (official market for trading forex).
The CBN recently adjusted the rate in the Investors and Exporters Foreign exchange window to N380/USD from the N364 to N370.
The Governor of CBN, Godwin Emefiele, has disclosed that the apex bank has been able to sustain the stability of the naira.
