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CBN's $1bn sales to BDCs fail to shore up naira value now at N474.50k

Published by BusinessDay on Wed, 18 Nov 2020


Nigeria's currency has continued to depreciate against the dollar after the Central Bank has intervened with about $1 billion sales to the Bureau De Change (BDC) operators for the past three months. The foreign exchange market has been under pressure since March 2020 following a sharp drop in oil prices as a result of Covid-19 []
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