Money
Nigerians have shared their opinions in response to reports of the CBN selling dollars at a cheaper rate to the BDCs in an effort to strengthen the naira.
In just one week, the Nigerian currency has gained massively against the pound sterling, recording over N200/£ across the official and unofficial markets.
The Nigerian currency, the naira, appreciated once again against the US dollar in the official and black foreign exchange markets as CBN sells more dollars to BDCs.
Kingsley Moghalu, a former deputy governor of the CBN, has responded to those who want the local currency, the naira, to exchange at N400 a dollar.
The Central Bank of Nigeria has once again sold dollars to Bureau De Change operators while also setting a limit on the pricing of the dollar to end users.
The National Institute for Credit Professionals has asked credit professionals and agencies to establish awareness desks to educate businesses and customers
The CBN must adopt a new approach to obtaining foreign exchange for the country's economy, according to the Association of Bureau de Change Operators of Nigeria
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