Dollar sustains losing streak in the black market

Forex transactions at Investors & Exporters’ window drops

At the official Investors and Exporters window, the exchange of the naira against the US dollar closed at N411.50/$1.

Naira remained stable against the US dollar to close at N411.50/$1 on Monday, the same rate when compared to N411.50/$1 recorded on the previous day.

Also, on Wednesday, the naira rose against the dollar at the parallel market to close at N506/$1, having traded at N512/$1 the previous day.

The naira has been moving back to the level it was before the ban on forex sale to Bureau De Change (BDC) operators by the Central Bank of Nigeria (CBN) last week.



Author: Greg