October 08, 2016
Naira Set To Make Big Recovery
“We have started receiving dollar supply from Travelex and we expect this to impact positively on the naira exchange rate going forward,” the President, Association of Bureau De Change Operators of Nigeria, Aminu Gwadabe, told Reuters.
Naira was quoted at 470 to the dollar on the black market on Friday, compared to 473 on Thursday.
At the interbank market, the naira closed at 305.5 per dollar.