LAGOS, March 27 Nigerian exchange bureaus have
incurred forex losses from dollars sourced via the central bank
after the value of the naira on the black market rallied
following interventions on the official market, the bureaus'
head said on Monday.
Bureaux de Change operators sold dollars bought from the
central bank to individuals at 399 naira per dollar, while the
black market naira firmed to 390 last week, Aminu Gwadabe told
Gwadabe said retail operators had incurred a foreign
currency loss of 130 million naira based on the rate
differential after the central bank sold $25 million to his
members last week.
(Reporting by Oludare Mayowa; Writing by Chijioke Ohuocha;
editing by John Stonestreet)