Browsing: Bureau De Change

The Association of Bureau De Change Operators of Nigeria (ABCON), has revealed why the Naira is regaining strength against the dollar.

Weak foreign currency supply and sizeable foreign currency backlog kept market expectations

Foreign Exchange: CBN’s intervention keeps Naira stable. The Nigeria’s local currency, Naira, having being on live support for over two years when the Central Bank of Nigeria (www.cbn.gov.ng) introduced multi tiered exchange regime.

The Central Bank of Nigeria (www.cbn.gov.ng) has injected 323.5 million dollars into the retail Secondary Market Intervention Sales (SMIS) for its last intervention for November.