CBN takes banks, BDCs head-on over new forex rules
The Central Bank of Nigeria (CBN) has declared a full-scale intervention in the nation’s foreign exchange market, with banks and Bureau De Change (BDC) operators in the searchlight. According to insider source at the apex, the latest reform efforts to consolidate gains in the last one year, came on the heels of suspicious act of…
CBN boosts forex supply with $195 million
The Central Bank of Nigeria (CBN) has again intervened in its weekly inter-bank foreign exchange market (Forex) with the injection of another $195 million.