Naira Falls 50% Despite CBN’s Shutout Of BDCs
Since the Central Bank of Nigeria (CBN) prohibited the sale of dollars to bureau de changes (BDCs), the black market value of the dollar against the naira has fallen by approximately 50% reports have shown. When the CBN announced a ban on dollar sales to Bureau de Change (BDC) operators in July 2021, the Naira … Continue reading Naira Falls 50% Despite CBN’s Shutout Of BDCs
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