Naira continues to fall against the dollar. See Latest exchange rate.
On Tuesday, the Nigerian naira fell against the dollar in the foreign exchange market.
Punch reported that the price of naira in the parallel market was $ 473 per dollar.
It previously made a recent profit after the close of 2020 at 467 / $. In the I&E window, the naira fell 0.17% to close at 394 / $ on Tuesday.
At the end of 2020, it hit a low of 401 in the I&E window. However, the Central Bank of Nigeria kept the official exchange rate at N379 / $ on its website.
The Association of Currency Exchange Operators of Nigeria recently asked CBN to make BDC payment agents for diaspora remittances.
ABCON President Alhaji Aminu Gwadabe said the top bank should use more than 5,000 authorized BDCs across the country to provide dollars for beneficiaries.
Guadabe said it would help provide a more convenient channel for Diaspora Nigerians to transfer funds to the country to spur economic development.