An accountant and bureau de change (BDC) operator, Harisson Owoh,says the naira is on the path to recovery as banks were set to sell Forex to BDC Operators.
Owoh told the NAN in Lagos that his colleagues had received signals from banks to fund their accounts in readiness for the sale.
According to him, the resumption in dollar sale to BDCs will see the dollar appreciate in all the segments of the forex market.
NAN reports that the Central Bank of Nigeria had, in a circular, directed Deposit Money Banks to resume the sale of Forex from proceeds of international money transfers to BDCs.
The CBN said the move was to bring in critical stakeholders in the Forex market to participate in driving its vision for a greater flexibility in the nation’s exchange rate policy.
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