The naira yesterday closed at N1,100 to dollar at the parallel market due to persisted dollar scarcity.
Former Registrar, Chartered Institute of Bankers of Nigeria , Dr. Uju Ogubunka, said Nigeria’s trade balance had been weakened by its inability to produce and earn forex, a process that has contributed to dollar scarcity. He called for enabling environment and fair treatment for the players to achieve exchange rate stability.
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