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Tag "CBN BDCs"

Naira falls to N525/$1 at parallel market as CBN stops forex sale to BDCs (updated)

The naira has dropped to N525 to a dollar at the parallel market as the Central Bank of Nigeria (CBN) discontinued the sale of foreign exchange (FX) to Bureaux De

THE INSIDER: CBN allocated $5.7bn annually to BDCs amid plunging reserves

At the end of the monetary policy committee meeting in Abuja on Tuesday, Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), announced the discontinuation of foreign exchange sales

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