CBN Sells Dollar at N1,580 to BDC Operators, Sets Resale Exchange Rate

CBN Sells Dollar at N1,580 to BDC Operators, Sets Resale Exchange Rate …C0NTINUE READING HERE >>>

The CBN has approved the sale of forex to BDC operators at an exchange rate of N1,580 per US dollarThis latest move is part of the CBN’s efforts to stabilize the naira following recent depreciation in both the official and unofficial marketsThere are 46 authorized dealers, and the CBN hopes that the new liquidity will help the naira bounce back

Henzodaily.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks,…

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