On CBN’s integration of BDCs as pathway for stable Naira
By MICHAEL NWADIKE The decision of the Central Bank of Nigeria, CBN, to permit participation of licensed Bureau De Change, BDC, operators in the Nigerian Foreign Exchange Market has triggered massive gain for the Naira and narrowing of gaps between official and parallel market rates. By allowing each BDC to purchase up to $150,000 weekly, the […]
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