The CBN sells $20,000 to each BDC at ₦1,450 per dollar to facilitate invisible transactions, aiming to stabilize the foreign exchange market and ease naira pressure
foreign exchange
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Nigeria’s central bank has delayed its monetary policy meeting for the second time in a row, leaving investors in the dark about its plans to tackle inflation and foreign exchange…
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Nigeria, Africa’s largest economy, is attracting foreign investors again after its currency, the naira, rallied below 1,000 per dollar on the parallel market. The naira has appreciated from as low…