The national currency of Nigeria, the Naira, took a sharp
dive downwards on Tuesday, November 18, as it fell by 270 kobo, with the
parallel market exchange rate rising to N180 per dollar from N177.3 on
Monday.
This situation was said to have been triggered by the restrictions introduced by the CBN to curb foreign exchange demand at the official market.
The CBN banned banks from selling dollars to Bureaux de Change (BDCs) and also
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This situation was said to have been triggered by the restrictions introduced by the CBN to curb foreign exchange demand at the official market.
The CBN banned banks from selling dollars to Bureaux de Change (BDCs) and also
