The Nigerian naira
appreciated to 445 per dollar on Monday, as the Central Bank of Nigeria (CBN)
pumped a total of $180 million into the foreign exchange market.
The fresh input was to meet bids for wholesale
auction and requests for invisibles, such as medicals, school fees and personal
travel allowances valued at $80 million, through the inter-bank window.
Confirming the figures, Isaac Okorafor, the acting
director, corporate communications department, CBN, said the wholesale requests
will be settled on Tuesday, March 21, 2017.
The naira is expected to gain more grounds
against the dollar for in the foreign exchange market for the days to come.
While disclosing that the bank had so far met all
the legitimate demands from genuine customers, Okorafor reiterated said the CBN
would ensure sustainable forex liquidity and transparency in the process to
enable as many customers as possible get access to the foreign exchange they
genuinely demand.
He therefore advised eligible individuals with
genuine foreign currency needs to freely approach their banks and authorised
dealers with their request.
Okorafor further advised legitimate customers to
approach the CBN with their complaints should they be unfairly denied access.
The pound went for N530 while the euro traded at
N465 at the parallel market.
-The Cable
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