The naira on Wednesday, continued to rebound against the US dollar at the parallel market, closing at 850/dollar.
The naira was sold for around 950/dollar at the parallel market on Monday. It gained further and closed at 915/dollar on Tuesday.
Bureau de Change operators who spoke to our correspondents said they bought and sold the naira at 830/$ and 850/$ on Wednesday.
They said there has been uncertainty in the parallel segment of the market following the announcement by the CBN that it would introduce measures to check speculators.
He said operators were awaiting the proposed intervention by the central bank.
At the Investor & Exporter forex window, trading commenced at N781.66/$ and reached a high of N 799.90/$ before closing at N 759.86/$ on Wednesday; it closed at N781.30/$ on Tuesday.
On Monday, after briefing President Bola Tinubu on what the bank was doing to halt the naira slide at the State House in Abuja, the Acting Governor, CBN, Folashodun Shonubi, said it was set to take new measures to stabilise the naira against the dollar.
He assured Nigerians that the CBN was working to improve liquidity and achieve stability in the market, including addressing issues in the parallel market.
He said the fluctuations in the parallel market were not solely driven by economic factors, but also speculative demand.
