Speculators disappointed as naira strengthens against dollar for the third consecutive day – IMF persuades President Buhari to remove foreign exchange ban Reports from the Bureau De Change (BDC) operators in Nigeria have it that the Nigerian currency is presently selling at N290/dollar.
Reliable sources confirmed that many BDC operators stormed banks in search of Dollar after yesterday’s appreciation of the Naira, a situation which has suddenly made it scarce. As at this morning, the Dollar had risen to about 290 in exchange rate to the Naira as speculators are still adamant that the three-day consecutive rise may not be sustained by the Nigerian government.
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