Obinna Chima
The Association of Bureau De Change Operators of Nigeria (ABCON) has attributed the pressure facing the naira at the parallel market as well as the Investors’ and Exporters’ (I&E) forex window to currency speculators hoarding the United States dollars.
President of ABCON, in a statement at the weekend, however assured currency users of the continued supply of the greenback by the Central Bank of Nigeria (CBN), just as he warned speculators to desist from the act.
He said the CBN was committed to improving funding for over 5,000 BDCs nationwide in new move to deepen market liquidity and protect the naira against speculators.