The naira has sold for 430 naira to a dollar, gaining some strength over previous week’s sales figures, following the resumption of forex sales by the Central Bank of Nigeria.

The CBN resumed the provision of foreign exchange to all commercial banks for onward sale to parents wishing to pay schools fees and small businesses wishing to make essential imports needed to revamp economic activities across the country, after four weeks of forex sales suspension.

The President, Association of Bureaux De Change Operators of Nigeria, AMINU GWADABE, said the partial lifting of the suspension on forex helped to flatten the curve in the forex market.