This comes on the heels
of reports from our bureau de change (BDC) sources who said the nation’s
currency now trades between N318 and N320 for a dollar, as against the
N319 and N320 it was on Wednesday, April 6.
The Nigerian currency had remained firm for about five consecutive days
(April 1 – 5) but plummeted to N319 on Wednesday, April 6.
READ ALSO: Naira plummets against the dollar, sells for N319
Short Naira Exchange monitor(3)
However, our BDC sources believe the naira is unlikely to exceed the
N320 rate.
READ ALSO: Naira stays strong at 318-320 against dollar in parallel
market
“It is back to N318 although some are selling at N319 and N320,” one of
our reliable BDC sources disclosed.
Another source told NAIJ.com: “As at this morning, the dollar trades at
N318 but the worst you can get it for is N320. I don’t think it will go
below that in the nearest future.”
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