Foreign exchange speculators may lose over N100 billion in the next one month as the
President,
He called for return of normalcy to the market as the ongoing speculative behaviour hampering the market operations and stability will come at huge loss to speculators.
The
He said the perpetrators are creating artificial scarcity of the greenback within the market to cause more woes for the local currency.
The naira was on
Gwadabe said the ABCON Management and the CBN-licensed BDCs will fight alongside the regulator to ensure that speculators lose their capital should they persist in the illegal activity.
"The
The above information is not true because as operators we still funded our accounts at our normal rates of N393/$ and not the I&E window rates for our operation this Friday," he said.
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