Naira falls after CBN stops forex sales to BDCs

Naira fell marginally against the U.S dollar at the parallel market on Tuesday, after the Central Bank of Nigeria (CBN) announced that it has ended the sales of forex to Bureau De Change operators. The bank said the parallel market had become a conduit for illicit forex flows and graft. The CBN said it will … Continue reading Naira falls after CBN stops forex sales to BDCs