CBN sells $125.3m to BDCs as naira stabilises

CBN sells $125.3m to BDCs as naira stabilises

The nation’s currency maintains stability following various interventions in segments of foreign exchange market by the Central Bank of Nigeria (CBN). Specifically, the CBN sold a total of $125.3 million to Bureau De Change (BDC) operators across the country. The Apex Bank allocates dollar to BDCs twice weekly to the tune of $20,000 each making…

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