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Nigeria Acts to Defend Naira After Currency Hits New Record Low

 Nigeria Acts to Defend Naira After Currency Hits New Record Low

 

The Central Bank of Nigeria recently sold U.S. dollars to Bureaux de Change (BDC) at a flat rate of NGN1,450 per greenback. The central bank stated that eligible BDCs can sell the dollars to end-users at a margin of no more than 1.5% above the purchase exchange rate. The Nigerian apex bank disclosed that it […] 

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