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Tag: CBN devalues Naira

CBN devalues Naira, uniform exchange rate restored

March 21, 2020Bode DoluLeave a Comment on CBN devalues Naira, uniform exchange rate restored

Central Bank of Nigeria (CBN) has made an alteration (technical devaluation) in the exchange rate of the Dollar to the Naira as confirmed in a communique to all banks and Bureau De Change on Friday March 20. Under the new dispensation, the CBN would make the dollar available to the BDCs at N378, which would […]

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