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Nigeria Acts to Defend Naira After Currency Hits New Record Low

Started by Bitcoin, Jul 21, 2024, 07:09 am

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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 LowThe 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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