The Nigerian currency lost one point to exchange at N394 to the dollar at the parallel market; while it traded at N505 and N440 against the Pound Sterling and the Euro, respectively. At the BDC segment of the market, the naira exchanged at N393, N504 and N437 to the dollar, Pound Sterling and the Euro respectively.
However, the naira appreciated at the official interbank market as it closed at N314.14 from N324.4 it posted in Tuesday.
Meanwhile, Mr Harrison Owoh, a BDC operator, said that few banks have begun the sale of forex to some BDCs.
Owoh said that the increase in the forex allocated to BDCs by the apex bank was in the right direction.
He said that the Central Bank of Nigeria’s (CBN) decision was “a futuristic comment targeted at stifling the invisible hand of currency speculators’’.
NAN reports that the CBN rose from its bankers committee meeting on Tuesday and announced the increase in weekly forex sales to BDCs from N30,000 to N50,000 dollars. (NAN)
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