The Nigerian Naira on Thursday reportedly apppreciated against the Us dollar and other major currencies, Vanguard reports.
The Naira according to reports appreciated to N393 per dollar on the parallel market, even as the Central Bank of Nigeria (CBN) offered $100 million to banks for wholesale transactions.
Acting Director, Corporate Communication Department, CBN, Mr. Isaac Okoroafor confirmed this development, saying no interventions were made in the retail auction window for forex.
Vanguard further reports that the parallel market exchange rate which rose to N395 per dollar on Wednesday dropped to N393 per dollar by the close of business, yesterday, indicating N2 appreciation for the naira.
Investigation revealed that the decline in parallel market exchange rate was due to anticipated inflow of $31 million into the bureaux de change segment tomorrow courtesy of the midweek intervention of the $10,000 per BDC by the CBN.
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