CBN-BDCs working towards closing inter-bank, parallel exchange rate margin

CBN-BDCs working towards closing inter-bank, parallel exchange rate margin

The focus of the meeting between the Central Bank of Nigeria (CBN) and the Bureau De Change (BDC) operators last week was on ways to improve liquidity and to reduce the huge spread between the inter-bank and parallel market rates. Part of the outcome of that meeting was an agreement on uniform exchange rate for…

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