Business Why Naira May Appreciate This Week

[ProfRem]

The Naira is expected to appreciate on the street this week, following the Central Bank of Nigeria’s plan to increase dollar sale to retail currency bureaus.

The Central Bank is planning to raise dollar sales to Bureau De Change to $40,000 from the present $20,000, which will improve liquidity and help support the local currency.



The local currency closed at 410 to the dollar on the street, compared with 398 to the dollar, previous week.

At the inter-bank market the local unit closed at 306.10 to the dollar on Wednesday compared with 306.20 last week.

- Channels TV

 

[chinaza cynthia]

It's Alright

 

[Olaoluwa]

I do hope that the efforts of CBN in appreciating the currency be fruitful.

 

[Blessing Uchechi]

I hope so too@Olaoluwa even though CBN arent sure of it.

 

[Kayouse]

we need stability

 

[ProfRem]

I do hope that the efforts of CBN in appreciating the currency be fruitful.

I hope so too@Olaoluwa even though CBN arent sure of it.

If and only saboteurs, forex hoarders and speculators are out of the race

 

[Vivian12]

Good