Traders in Abuja and Lagos, on Friday, are purchasing the United States dollar at the rate of N385, indicating greater apprehension among dealers and speculators.
Recall, that that one of the All Progressives Congress, APC, campaign promises, was to make the dollar and naira to be at par.
The traders said the naira continues to firm up against major currencies, due to the consistent supply to the market by Central Bank of Nigeria, CBN.
The apex bank on Thursday, offered the sum of $100 million to meet the requests of wholesale customers, out of which $91 million was taken.
Confirming the offer, the Acting Director of Corporate Communications at the CBN, Isaac Okorafor, disclosed that the dealers will have value for their respective bids, on Friday, March 24, 2017.
While further disclosing that the highest and marginal bid rates were N330/$1 and N320/$1 respectively, Okorafor said no intervention was made by the Bank to meet requests for invisibles, on Thursday.
The naira so far appreciated by about 25 percent in the parallel market, since the beginning of the CBN’s new forex policy announced on February 20. Before the new policy the dollar was exchanging at N520.
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