Exchange rates convergence emerging as forex seekers flee BDCs for black market
Preliminary indications are beginning to show that the dream of the Central bank of Nigeria (CBN) in hitting a single rate both for Bureau d’ Change (BDC) and black market operators. Since this week, foreign exchange users are experiencing the…
Currency speculators on steady loss as naira sustains rising trend, now N399/dollar
Serious indications emerged weekend showing the latest monetary policy of the Central Bank of Nigeria (CBN) as the best in the last one year considering the speed of naira recovery over the US dollar and other currencies. Accordingly, the trend…
