- The naira gained N8 at the black market on Tuesday, August 15, 2023, after CBN threatened to deal with black marker operators
- Feelers from market operators showed that the naira exchanged for N942 per dollar as against the N950 it traded on Monday, August 14, 2023
- The Central Bank of Nigeria had vowed to clamp down on Forex speculators causing volatility in the market
The naira gained against the US dollar at the parallel market, otherwise known as the black market, after threats by the Central Bank of Nigeria to apply severe sanctions against speculators.
At the parallel market, the dollar, which analysts feared inched close to N1,000, closed at N942 per dollar as against N945 per dollar.
