Good news as the Nigerian naira gradually appreciates
against major currencies of the world at the interbank market. According to
sources, the naira exchanged at the rate of N307.25 against the USD which is
0.5%.
Though in the black market, it still exchanges for N425 to a
dollar, while the GBP traded at N550, and the Euro N470 correspondingly.
The present relative stabilisation of the local currency
seem to the attributed to the probable change in policy by the MPC meeting
which is being worked out by the CBN, as anticipated by forex dealers
Is hoped that the CBN would likely have a rethink about its
forex policy and introduce an option that seem best for the country.
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