Traders in Abuja and Lagos
yesterday purchased United States dollar at the rate of N385, indicating
greater apprehension among dealers and speculators.
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.
The apex bank yesterday 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 new forex policy
announced on February 20th. Before the new policy the dollar was exchanged at
N520.
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