Naira yesterday appreciated in value against the dollar at the interbank foreign exchange market following improved liquidity, currency dealers say.
It gained N3.25k against the dollar as it closed at N315.66k yesterday, representing 1.02 percent fall compared with N318.91k on Friday last week, data from FMDQ revealed.
At the parallel market, it closed at N395/$ the same as Friday last week, BusinessDay findings show.
Bureau De Change (BDC) operators could not get dollar supply from banks yesterday as they were turned off as a result of Know Your Customer (KYC) issue.
Aminu Gwadebe, president, Association of Bureau De Change Operators of Nigeria (ABCON), was optimistic that banks were going to sell dollar to BDC that had funded their accounts.
He discloses that the CBN was already talking with the banks to comply with its directive on dollar sale to BDCs.
The CBN had in a circular signed by Gotring W. D, acting director, trade and exchange department, directed authorised dealers who are agents of approved international money transfers operators to sell foreign currency accruing from inward money remittances to licensed BDCs with immediate effect.
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