The decision by the Central Bank of Nigeria (CBN) to move towards a full free float of the naira, coupled with its road show in the United Kingdom and United States of America last month, is gradually yielding results as there was a perceptible improvement in liquidity on the interbank spot FX market last week, recording a turnover of $196.14 million, with an average daily volume of $39.23 million between July 25 and 29.
Comment here