Bureaux De Change operators told TheCable that demand for the greenback had declined in the street market.
The traders put the buying price of the dollar at N985 and the selling price at N993, leaving a profit margin of N8.“I noticed that demand has reduced a bit and this helped the price,” said a BDC operator in the Ikeja area of Lagos.on Friday, according to details on FMDQ OTC Securities Exchange – a platform that oversees official foreign exchange trading in Nigeria.all segments of the country’s FX windows, allowing market forces to determine the exchange rate.
This, CPPE said, is one of the many actions that will end the confidence crisis in the foreign exchange market and curb the habit of forex flow into the parallel market.
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