CBN reduces BDCs dollar rate

The Central Bank of Nigeria, (CBN), has reduced the rate at which it sells dollars to Business Development Companies (BDCs), to 357 naira per dollar, down from 360 naira per dollar.
It also reduced the rate at which BDCs sell dollars to the public to N360 per dollar, down from 362 naira per dollar.
This followed a meeting held between the apex bank and executives of Association of Bureau de Change Operators of Nigeria (ABCON).

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