Dollar shortage worsens as Central Bank of Nigeria delays announcement of more flexible foreign exchange system, Aminu Gwadabe, president of Bureau de Change Operators of Nigeria told Bloomberg by phone.
According to him:
“Importers that waited to buy dollars at a better rate under a...
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Strong indications have emerged that the Central Bank of Nigeria (CBN) will soon announce a new and robust foreign exchange policy that will address the supply side of foreign exchange and a stable and realistic exchange rate that would engender foreign direct investments (FDIs), Business Day...
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