Central Bank of Nigeria (CBN) Announces Sales of $21m to BDCs As the Naira Hits N1600/$1

In another move to cool the mounting pressure on the naira, the Central Bank of Nigeria (CBN) has approved the sale of foreign exchange (FX) to eligible Bureau De Change (BDCs). This decision comes amidst soaring exchange rates, which saw the naira hitting a staggering N1600/$1 on Thursday. The CBN’s latest intervention aims to meet […] The post Central Bank of Nigeria (CBN) Announces Sales of $21m to BDCs As the Naira Hits N1600/$1 appeared first on Tekedia.

  Business   Jul 19, 2024   0   42  Add to Reading List
Central Bank of Nigeria (CBN) Announces Sales of $21m to BDCs As the Naira Hits N1600/$1


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In another move to cool the mounting pressure on the naira, the Central Bank of Nigeria (CBN) has approved the sale of foreign exchange (FX) to eligible Bureau De Change (BDCs). This decision comes amidst soaring exchange rates, which saw the naira hitting a staggering N1600/$1 on Thursday. The CBN’s latest intervention aims to meet […]

The post Central Bank of Nigeria (CBN) Announces Sales of $21m to BDCs As the Naira Hits N1600/$1 appeared first on Tekedia.

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