The Naira on Tuesday appreciated further by gaining N60 to trade at N310 per dollar at the parallel market. The Naira exchanged at N370 to one dollar on Monday, the News Agency of Nigeria (NAN) reports. The Naira, however, remained at N199.50 to the dollar as the official bank rate.
The Acting President of the Association of Bureaux De Change of Nigeria (ABCON), Alhaji Aminu Gwadabe, on Tuesday disclosed that the body had decided to introduce weekly foreign exchange rate band. Gwadabe said that this would be used as a guide to all Bureau De Change Operations (BDCs) and members of the public on the prevailing exchange rate across the country.