Wednesday 20 January 2016

Naira Stabilises at N295 / Dollar

The Naira remained stable at N295 per dollar in the parallel market, yesterday, as Bureau de Change, BDC, operators await the release of modalities on how  to source dollars from autonomous sources.

 The Naira had appreciated on Monday to N295 per dollar from N300 per dollar on Friday in the parallel market following expectations that the CBN will sell autonomous dollars sourced from oil firms to BDCs.

The stability, according to Chief Executive Officer, H. J. Trust BDC, Mr. Harrison Owoh, was because BDC operators still expected that the CBN will open the window of autonomous dollars to the subsector.


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