Last week, the Central Bank of Nigeria (CBN) shook the financial landscape with significant measures, as detailed in ‘Follow the Money with Ugodre.’ Our host, Ugodre, and his guest Uade Ahimie delved into the implications of these actions, shedding light on the challenges encountered as banks reportedly cling to dollars, fueling the ongoing issue of round-tripping.
Despite the CBN’s concerted efforts, the FM market struggled with insufficient supply, further widening the gap between the official rate and the black market. Why does this discord persist, and what truths lie behind the rumors surrounding the conversion of domiciliary accounts to naira? For a thorough examination and valuable insights, tune in to the full episode, now available on Spotify.
