Dollar rises against dollar from N1,300 to N1,420 per dollar.
The Governor of Central Bank of Nigeria has said that the bank is working to further strengthen naira while descending heavily on speculators and racketeers.
CBN, the apex bank, in the past weeks, sold dollar to the operators of Bureau de Change (BDC) at a particular price an determined how they sell the greenbacks.
The Economic and Financial Crimes Commission has also helped to round up the “elements” working against the Nigerian currency.
Right now, dollar has gained strength to weaken the naira.
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