Friday, April 7, 2017

Naira appreciates to N393 per dollar in parallel market

 

     The naira has appreciated to N393 per dollar in the parallel market, even as the Central Bank of Nigeria, CBN, offered $100 million to banks for wholesale transactions.


    Acting Director, CBN’s Corporate Communication Department, Isaac Okoroafor confirmed this development, saying that no interventions were made in the retail auction window for forex.

   He, however, added that the CBN made special intervention of $10,000 to dealers in the Bureaux de Change segment, yesterday.

According to him, the bank’s interventions in the different segments had ensured stability in the market and guaranteed availability to individuals and business concerns.



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