Confirming this development, Umoru Ahmed, a currency dealer based in Lagos Island said: “The naira was traded at N1,500 this morning of which I bought. There is no inflow of dollars like before and not all the BDCs have access to dollars especially if they registered late.
Recapitalisation: Banks sweat over exclusion of N3 8trn retained profit vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.
The CBN disclosed that the sum of $20,000 would be sold to each BDC at the rate of N1,301/S which represents the lower band rate of executed spot transactions at the NAFEM for the previous trading day, as of February 27, 2024.
Economy – New Nigerian Politics newnigerianpolitics.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newnigerianpolitics.com Daily Mail and Mail on Sunday newspapers.
How abuse of Ways & Means worsened inflation vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.