The Nigerian naira on
Thursday recovered to N490 per dollar, as the fresh policy action from the
Central Bank of Nigeria finds its foothold.
A bureau de change operator, who spoke to
TheCable in Lagos, said the naira recovered drastically from 515 per dollar on
Wednesday, to 490 on Thursday morning.
Ibrahim Baba, a trader in Abuja, the nation’s
capital, said the local currency is trading 498 to the greenback at the
Federal Capital Territory (FCT).
On Monday, the CBN introduced a new policy
action, which mandates banks to open sales point at major airports across the
country, in a bid to halt forex scarcity for travellers.
“In order to further ease the burden of
travellers and ensure that transactions are settled at much more competitive exchange
rates, the CBN hereby directs all banks to open FX retail outlets at major
airports as soon as logistics permit,” CBN said.
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