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Naira stable despite election fears, says ABCON

Naira stable despite election fears, says ABCON

• CBN’s, BDCs’ reforms hailed The naira has in over 18 months remained stable at both the official and parallel markets despite several odds facing it ahead of the 2019 general elections, President, Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe has said. Speaking yesterday to financial journalists in Lagos, the […] …

Naira stable at official, parallel markets

Naira stable at official, parallel markets

The gap between banks’ bids to buy and sell the naira to investors is widening due to a tight supply of dollars in the market, traders told Reuters yesterday. But the local currency stable at the close of business yeatsrday. The rate gap, traders said, suggest the currency is coming under international pressure even asRead More
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