PUNCH
The naira fell further to the dollar on Wednesday after closing at 950/$ at the parallel market.
Bureau de Change operators who spoke to The PUNCH, said the naira which had earlier closed at 930/$ at the close of operations on Tuesday, was bought and sold at 935/$ and 950/$ on Wednesday.
At the Investor & Exporter forex window, the naira closed at 758.12/$ on Wednesday, from 742.10 on Tuesday, according to figures obtained from the FMDQ, the official trading platform.
A BDC operator, Yusuf Kareem, who spoke to The PUNCH said, “We commenced trading at 930/$ in the morning and it closed at 950/$ in the evening. The naira has been scarce; we don’t know what is happening.”
Another BDC operator, Sanusi Ibrahim, said, the naira was bought and sold at 935/$ and 950/$ today. We don’t know what will happen tomorrow.”
The Association of Bureaux De Change Operators of Nigeria, recently, urged the Central Bank of Nigeria to grant Bureaux De Change operators digital autonomy to achieve exchange rate convergence.
