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The National President of the Association of De Change Operators, Aminu Gwadebe, has revealed that the pick-up of the interbank proceeds to Bureaux de Change as directed by the Central Bank of Nigeria and other factors is the reason the Naira has recorded a significant gain against the dollar in the last week.
Gwadebe made this known at the weekend while reacting to the recent performance of the Naira against other currencies in the foreign exchange market.
Kpakpando reports that the Naira in the last week gained N15 at the black market to close at N1565 against the dollar.
Reacting to the impressive run by the Naira, Gwadebe explained that Nigeria’s currency moved from about N1660 to N1,552 per dollar.
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