Market News
Naira gap narrows further as BDCs await dollar supply - BUSINESSDAY
The naira gap, the spread between the official foreign exchange (FX) market and the parallel market narrowed further to N65 on Friday as Bureau De Change (BDC) operators prepared to access fresh dollar supply from banks this week, after the Central Bank reopened the FX market for the retail bureau.
The spread has contracted by 4.6 percent from N92 on Wednesday to N65 on Friday, reflecting renewed convergence between the two markets. Data published by the Central Bank of Nigeria (CBN) showed that the naira depreciated marginally for the




