THE naira has remained stable at both the official and parallel markets despite huge campaign spendings by political parties, The Nation learnt yesterday.
The stability of the local currency was linked to measures instituted by the Central Bank of Nigeria (CBN) and the Association of Bureaux De Change (BDC) Operators of Nigeria (ABCON) to ensure that foreign exchange demand at the retail end of the market was met.
ABCON President Aminu Gwadabe told financial reporters in Lagos at the weekend that despite huge campaign spendings, the CBN spot rate/official exchange rate closed last week…
Read More…..The Nation Newspapers
