$30m sales to BDCs boost liquidity in forex market

by | December 29, 2017 4:07 pm



A total of $30 million from the proceeds from the International Money Transfer Operators (IMTOs) as coordinated by the Central Bank of Nigeria (CBN) was injected into the Bureau De Change (BDC) segment of the foreign exchange market, which has helped to strengthen the naira. Consequently, the value of the naira which has traded at…

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