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Nigeria Acts to Defend Naira After Currency Hits New Record Low

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Nigeria Acts to Defend Naira After Currency Hits New Record Low
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Source: Bitcoin.com

Nigeria Acts to Defend Naira After Currency Hits New Record LowThe Central Bank of Nigeria recently sold U.S. dollars to Bureaux de Change (BDC) at a flat rate of NGN1,450 per greenback. The central bank stated that eligible BDCs can sell the dollars to end-users at a margin of no more than 1.5% above the purchase exchange rate. The Nigerian apex bank disclosed that it […]

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Author: Terence Zimwara

Related posts:

  1. Nigerian Central Bank Governor Denies Using Forex Reserves to Defend Local Currency
  2. Zambian Currency, the Kwacha, Plunges to New Record Low Against US Dollar
  3. Nigeria’s Headline Inflation Increases as Central Bank Intensifies Foreign Exchange Controls
  4. Nigerian Central Bank Prohibits Use of Foreign Exchange as Collateral for Local Currency Loans
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