Naira Bounces Back, Gains over N100 Against Dollar in Black Market, Traders Quote New Exchange Rate

Naira Bounces Back, Gains over N100 Against Dollar in Black Market, Traders Quote New Exchange Rate

A detailed look at Naira Bounces Back, Gains over N100 Against Dollar in Black Market, Traders Quote New Exchange Rate, covering essential background.

On its part, ABCON President, Aminu Gwadabe has promised to tackle volatility and boost regulatory compliance within that segment of the market, Punch reports.

He said:

Read also

Dealers, experts explain reasons naira lost over N200/$ despite CBN’s actions, predict future outcome

“Part of our vision for a united retail-end forex market includes activating geo-mapping and automated BDCs physical office verification exercise using the Remote Gravity Physical verification apps.
"This will enable forex buyers to easily locate BDCs offices for effective and seamless transactions.”
David Miller
Author

David Miller

David Miller brings 15 years of experience in global economics, personal finance strategy, and market dynamics. He specializes in turning complex economic trends into actionable insights for everyday readers.