According to him, the recent intervention of the Central Bank of Nigeria, CBN, by supplying forex to BDCs has started yielding results and impacting the FX market positively. He, however, debunked claims making the round that Naira exchanged at N1,000 per USD in Abuja on Wednesday. According to him, at the moment, Naira is exchanged at the parallel market across the country between N1,300 and N1,320 per USD, not N1,000.
'Meanwhile, the claim that the Naira is being exchanged at N1,000 per USD is fake news. Across the country, in Onitsha, Abuja, and Lagos, the FX rate at the black market is between N1,300 and N13,20 per USD. 'In my opinion, the realistic rate is N1,200 per USD.
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