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The Central Bank of Nigeria has initiated another round of dollar sales to Bureau De Change Operators in a bid to further strengthen Naira’s value in the foreign exchange market.
As part of the initiative, the apex bank has commenced the sale of $10,000 FX to each eligible Bureau De Change at a rate of N1,101 per dollar. The Central Bank specified that all Bureau De Change operators are permitted to sell to end-users with a margin not exceeding 1.5 percent above the purchase rate from CBN.
This move follows recent advocacy from Bureau De Change operators for a lower FX allocation to sustain Naira’s appreciation. The Naira has maintained its upward trajectory against the dollar, standing at N1,251.05 per dollar last Friday.
China is set to put three minors on trial for the alleged murder of another child, in a case that has shocked the nation and sparked public debate over the treatment of juvenile offenders. According to the provincial prosecutor on Monday , it had received a police request last month to criminally try the three suspects, surnamed Zhang, Li and Ma. Who were all aged under 14 at the time […]
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