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BUSINESS Naira appreciated by N660 against dollar since BDCs’ return to FX market – Gwadabe Published   on   March 31, 2024 By Horllyworldblog The President of the Association of Bureaux de Change Operators of Nigeria, ABCON, Aminu Gwadabe, says the Naira appreciated by N660 against the US dollar since the Governor of the Central Bank of Nigeria, Olayemi Cardoso, recalled BDC operators into the Foreign Exchange Market. Gwadabe disclosed this to DAILY POST in a statement at the weekend. According to him, aside from monetary policy tightening that led to an increase in the exchange rate, more investment in government instruments and clearance of $7 billion forex backlog, the recall of the BDCs was also a significant move by the apex bank to boost dollar liquidity at the retail end of the forex market    ads moneta Gwadabe stressed that the Naira has appreciated from February’s low of N1,915 per USD to N1,255 per USD, representing N660 gains for the Naira, which is sign...