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CBN By Babajide Komolafe Foreign exchange speculators may lose over N100 billion in the next one month as the Central Bank of Nigeria (CBN) sustains massive funding for Bureaux De Change (BDC) operators.
President, Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji Dr. Aminu Gwadabe, made this assertion last Friday in Lagos, saying the CBN is committed to improving funding for over 5,000 BDCs nationwide in a new move to deepen market liquidity and protect the naira against speculators.
He called for return of normalcy to the market as the ongoing speculative behaviour hampering the market operations and stability will come at huge loss to speculators.