The United Stated dollar on Thursday continues to slide against the naira at the parallel market. The dollar which starts the day at N500 early morning fell to about N470 by the afternoon as more and more people troop to the market to sell their foreign currency.
On Monday, the CBN changed its rules in the supply of the FOREX where it guaranteed both the small and big users of the foreign exchange that they are going to supply the market with the needed liquidity.
On Monday, the CBN changed its rules in the supply of the FOREX where it guaranteed both the small and big users of the foreign exchange that they are going to supply the market with the needed liquidity.
On Tuesday about $500 million was released through the interbank market where the 23 banks bought $371m in the market.
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