CBN intervenes in forex market, announces Dollar sale to BDCs

Ripplesnigeria | 07-09-2024 08:31pm |

In a bid to stabilize the Nigerian naira, the Central Bank of Nigeria (CBN) has announced the sale of dollars to Bureau De Change (BDC) operators. This move comes after the naira has been experiencing a significant decline in value at both the official and parallel markets, depreciating to approximately 1,670/$ on Friday. According to [...]The post CBN intervenes in forex market, announces Dollar sale to BDCs appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

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