The Naira is edging closer to its lowest point in April, while the dollar index is on the verge of reaching a six-month peak as a result of the Federal Reserve meeting. The Association of Bureau De Change Operators of Nigeria (ABCON) is diligently striving to establish a unified retail foreign exchange market, strengthen regulatory adherence, and tackle the issue of volatility. If there is an additional increase in the Monetary Policy Rate (MPR), it could potentially alleviate the fluctuations in the naira’s exchange rate.
