CBN Crashes Dollar in New Sales, Approves New Exchange Rate for BDCs

CBN Crashes Dollar in New Sales, Approves New Exchange Rate for BDCs …C0NTINUE READING HERE >>>

The Central Bank of Nigeria has again announced another round of dollar sales to licensed Bureau De Change Operators The move is part of the apex bank’s efforts to halt the depreciation of the naira in the foreign exchange marketsThe CBN has a fixed exchange rate limit for the BDCs when reselling cheap dollars to Nigerians

Dave Ibemere, a journalist at Henzodaily.ng, has been reporting on business for over ten years. He has deep knowledge of the Nigerian economy, stock market, and…

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