The CBN’s erratic dollar supply is impeding the naira’s recovery.
Currency traders have attributed the weakening of the naira and the volatility of the foreign exchange market to the Bureau De Change (BDC) operators by the Central Bank of Nigeria (CBN). The BDC operators, who admitted to the positive impact of the dollar sales by the CBN, however, noted that lack of continuity or frequency of the exercise gives rise to loss of confidence in the forex market. They had […]
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