The Naira is set to appreciate
further this week as the Central Bank of Nigeria (CBN) plans to inject more
Foreign Exchange into the market.
CBN
spokesman Isaac Okorafor, gave the assurance yesterday.
Okorafor
said the bank was committed to ensuring that authorised dealers got sufficient
supply to meet the demands of authentic customers of banks.
He
added that the bank had since February offered over one billion dollars to the
interbank market, and expressed optimism that stability had been restored to
the forex market.
He
said individuals could easily access forex to address personal and business
allowances.
CBN
intervention in the interbank market over the past two months showed that the
highest bid rate was N360 per dollars, while the lowest was N315 per dollar.
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