The naira yesterday made marginal gain of N15 to dollar, closing at N1,515 to dollar at the parallel market.
The status of the naira has been improving in recent months following the settlement of over $1.3 billion FX forwards contracts by the The CBN has continued to take certain steps to boost dollar liquidity and support naira recovery at both official and parallel markets.In a major push to boost forex availability in the economy, the Central Bank of Nigeria recently authorised International Oil Companies operating in Nigeria to sale 50 per cent of bulk FX proceeds at domestic forex market.
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