A Bureau De Change Operator in Wuse Zone 4, Dayyabu Mistila,
disclosed to DAILY POST that the naira traded at N1,205 per $1 on Tuesday.
‘We sold at N1,205 per $1 as of Tuesday, compared to N1,233
on Monday (Christmas Day). However, we buy at N1,195 per $1 on Tuesday,” he
said.
The quoted figure showed that the country’s currency, the
Naira, strengthened compared to the N1,233 to $1 it traded on Monday.
Meanwhile, on Tuesday, Naira traded around N1,181 to $1 on
Binance, a P2P market and crypto platform.
The development comes as trading closed for the Christmas
holiday on Friday at N885.88 per $1 at the official FMDQ market.
Since June 14, 2023, when the apex bank introduced FX
reforms, the naira has been fluctuating in the forex markets.
The Governor of the Central Bank of Nigeria, Olayemi
Cardoso, recently assured Nigerians that the naira is expected to strengthen in
the FX market in 2024.