Nigeria's Forex turnover rose by 43%, as the Naira’s exchange rate at the NAFEX window hit a record low, depreciating significantly against the dollar to close at N410.25/$1 during intra-day trading on Wednesday, December 30, as per a report from Nairametrics.
Also, the Naira remained stable against the dollar – closing at N470/$1 at the parallel market on Thursday, December 31, 2020 – as the CBN moves towards exchange rate unification with the devaluation of the naira at NAFEX market.
![Naira falls across forex markets as businesses resume after public holidays](https://nairametrics.com/wp-content/uploads/2020/12/Naira-dollar-7.jpg)
The Association of Bureau De Change Operators (ABCON) has appealed to the Central Bank of Nigeria (CBN), to make BDCs payout agents for diaspora remittances.
According to information from Abokifx – a prominent FX tracking website, at the black market where forex is traded unofficially, the Naira remained stable against the Dollar to close at N470/$1 on Thursday – the same rate that it exchanged for on Wednesday, December 30.