Steady dollar supply pushes naira to 1,262/$
The volatility of the naira was reduced following several reforms by the CBN to improve transparency and inflows into the FX market.
Source: punchng.com
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No More N1,251: Naira Gains as CBN Quotes New Rate to Sell Dollar to BDCs
Operators of Bureau de Changes (BDCs) have provided an explanation for the steady increase in the value of local currency compared to the dollar in the market.
Source: legit.ng
Naira sells below 1,280/$ at official, parallel markets
According to data from FMDQ Securities, the indicative exchange rate for the Nigerian Autonomous Foreign Exchange Market closing below the N1,300 ceiling marks the first instance since January 26 of this year.
Source: punchng.com
EFCC arrests Abuja BDC operators as naira nears 1,600/$
The EFCC raided some BDC operators’ outlets in Abuja on Monday, arresting currency traders suspected to be speculating against the naira.
Source: punchng.com
Banks sell $3.3bn as CBN battles fresh naira slump
The national currency depreciated to on Friday N1,670/$ from N1,600/$ recorded at the close of trading activity on Thursday
Source: punchng.com