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Saturday, May 4
In the parallel market, currency traders, commonly known as bureau de change (BDC) operators, are buying the dollar at ₦1,230 and selling it at ₦1,260, maintaining a profit margin of ₦30 per dollar.
He said,“Again, to be honest, I think we should expect that there will be increases here and there, ups and downs and even from what you’ve reported yesterday, from what I gather, the naira has begun strengthening overnight.” He added that the local currency will continue to appreciate against foreign currencies..
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