A financial analyst and educator, Kalu Aja, has advised the Nigerian government to utilize the window period provided by the Central Bank of Nigeria, CBN. DAILY POST earlier reported that Naira's appreciation against the US dollar continued on Monday, exchanging N1,290 and N1,382.
A financial analyst and educator, Kalu Aja, has advised the Nigerian government to utilize the window period provided by the Central Bank of Nigeria, CBN.
earlier reported that Naira's appreciation against the US dollar continued on Monday, exchanging N1,290 and N1,382.95 per USD at both parallel and official foreign exchange markets amid the Central Bank of Nigeria's interest rate hike. However, the financial expert argued that Naira's appreciation in the foreign exchange market was due to FX intervention by the Central Bank of Nigeria to Bureau De Change operators.
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Forex subsidy to BDC operators reason for Naira appreciationA financial analyst, Kalu Aja has said the Naira appreciation in the foreign exchange market is due to FX intervention by the Central Bank of Nigeria to Bureau De Change operators. Recall that on Monday, CBN sold $10,000 to each BDC at N1,251 per US dollar.
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