Naira crisis: CBN sells $20,000 to BDCs at N1590 per dollar exchange rate …C0NTINUE READING HERE >>>
The Central Bank of Nigeria said it has sold foreign exchange worth $20,000 to eligible Bureau De Change operators at N1590 per dollar foreign exchange rate to tackle the FX crisis across the country.
This was disclosed by the apex bank in a circular signed by the Acting Director of Trade and Exchange Department, W. J Kanya, on Wednesday.
According to the CBN, the move will help operators meet retail market demand for eligible invisible transactions.
“This is to inform the Bureau De…
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