Naira Appreciation Fastest In 15 Year History - BDC Association President

In a conversation with the president of the association of Bureau de change operators of nigeria, Mr Aminu Gwadabe by Channels Television.....


Channels TV: How much is the naira trading now against the dollar

Pres. BDC: We buy at 980 and we sell at 1020

CTv: What will you say is responsible for this continuous appreciation of the naira from your perspective?

PBDC: It's a combination of factors that really helped in achieving this feat even though it happened faster than expected; so I want to congratulate the mgt of Central Bank of Nigeria. For the first time in history over the past 15 years we have never seen where the open market is lower than the CBN rate. So kudos to Central Bank and congratulations Nigerians. There is calmness now........What we are seeing now is to show that what happened before has not any economic fundamental. It's just a bubble and the bubble has burst........