Naira Falls to N505/$1 at Black Market After CBN Action

By Adedapo Adesanya The unregulated segment of the foreign exchange (forex) market reacted to the decision of the Central Bank of Nigeria (CBN) to discontinue the sale of FX to Bureaux De Change (BDC) operators from Tuesday. At the end of its two-day Monetary Policy Committee (MPC) meeting in Abuja yesterday, the CBN Governor, Mr…

Naira Falls to N505/$1 at Black Market After CBN Action

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