Bureau De Change operators in Lagos, Kano, and Abuja also pushed to sell their dollar holding amid fear the local unit might sustain the gain in coming days.
That is the proposal submitted by the committee set up to look into salary adjustment for civil servants, but am not sure if the President has signed it yet."
The new development also came on the heels of the adjustment of the methodology used for the calculation of the nation's official exchange rate by the FMDQ Exchange.
"There is a need to tinker with the law providing for five yearly renegotiations of the national minimum wage to allow for a yearly adjustment of wages based on the level of inflation and value of the naira.