Tag: investors and exporters window
Traders at United Bank for Africa (UBA) say they do not forecast pressure on the Naira as the Investors and Exporters window has been relatively stable, while the Central Bank of Nigeria has continued to use the FX reserves to defend the Naira. Nkechi Ezugha, Forex Trader at UBA joins CNBC Africa for more.
Traders say the Naira depreciated at the I and E window by 14 basis points to 362 niara, 39 kobo while parallel market rates remained flat at 360 niara. Adamma Mbachu, Head of Currency Trading at Access Bank, joins CNBC Africa for more.