According to Vanguard reports, trading at the interbank market saw the Naira sold at N305.25 to a dollar Naira-Dollar CBN injected over 500million dollars into the market, to boost liquidity, but the Naira continued to depreciate. Traders in the market expressed concern about the depreciation of the Naira in spite of the gains earlier recorded. Alhaji Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria (ABCON), said there was need for a review of the distribution mechanism. “Many banks are selling to only clients with current accounts and not to savings account holders and there is also increasing demand for forex from our neighbouring countries. “The different applicable exchange rates and volumes with Travelex and banks need to be harmonised and with that of BDCs to reduce friction,” Gwadabe said. For Adverts Inquiries, call 08033857245; To Receive News Updates, WhatsApp: 08083609209; To Publish Your Articles Or News Stories, Email editor@skytrendnews.com. READ ALSO! Buhari Not Strong In Economy, But Has Delivered On His Areas Of Strength — Obasanjo READ ALSO! How Buhari’s Powerful Aides Are Blocking Family, Officials From Accessing The President READ ALSO! 6 Sets Of Nigerians Earnestly Praying For Buhari To Die And Their Reasons READ ALSO! How CBN Intervention Saved The Naira And Caused Currency Speculators To Suffer Heavy Losses READ ALSO! Nigerian Professor of Medicine Releases Insightful Update On Buhari’s Health Status]]>