CBN’s policy caused a huge gap between official and black market rates — ABCON
Gwadabe said a huge rate gap of N300/$1 currently exists in the market.
Gwadabe said a huge rate gap of N300/$1 currently exists in the market.
Foreign exchange speculators are set to lose over N100 billion in the next one month as the CBN sustains massive funding ...
ABCON has strongly warned foreign exchange speculators pushing for the forceful depreciation of the naira through their illegal activities.
ABCON has urged the Nigerian government to be cautious of France’s involvement in the Eco currency matter.
Some economists and financial experts have attributed the retention of the MPR at 13.5% by the CBN to late budget cycles.
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