Just In: CBN allocates $20,000 to each BDC to stabilize the Naira.
CBN allocates $20,000 to each BDC to stabilize the Naira. In a move aimed at rectifying the persisting distortions in the retail segment of Nigeria’s foreign exchange market, the Central Bank of Nigeria (CBN) has taken a decisive step to bridge the widening gap in the exchange rate. Through a new circular by Dr Hassan…