Naira rebounds to N383/$1 as CBN boosts dollar sale

Banks get 48hrs deadline to process export proceeds form The naira further strengthened to N383 per dollar on the parallel market yesterday from N395/$1 last Wednesday as traders prepared for the Central Bank of Nigeria (CBN) to increase the dollar supply to Bureaux De Change (BDCs). Also, the apex bank yesterday directed banks to process Nigerian Export Proceeds (NXP) form and render returns to it within 48 hours of a customer submitting an application and complying with the appropriate documentation. President of the Association of Bureaux De Change Owners of...The post Naira rebounds to N383/$1 as CBN boosts dollar sale appeared first on New Telegraph Newspapers.
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