Naira Gains: N454/$

The Naira has appreciated over the  dollar by N6 as it closed at N454/$ at the end of business yesterday against N460 last week.


 It seems the Central Bank Of Nigeria's, ( CBN),  new measures of injecting  more dollars into the foreign exchange market is working.

Since February 20th, 2017, when it first announced its intervention, in the forex market, the CBN has injected the sum of $1.3billon dollars to boost the market.
It has also increased the number of Bureau De Change (BDC) operators in the country from about 2000 to 3,114 .