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Central Bank of Nigeria’s mandate that all transactions by any Bureau De Change (BDC) in the country must be accompanied by the Bank Verification Number, BVN of the customer, has saved Nigeria $300 million. According to the governor of the CBN, Godwin Emefiele, the requirement of BVN for transactions has cut down the number of BDCs that request for forex transaction ...
November, 2015
August, 2015
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18 August
From 245 To 217 Again Dollar, Naira Raises Hope, Excites Nigerians
The naira appreciated against the United States dollar at the parallel market on Monday to 217, from 221 recorded on Friday. The naira rose on the back of weak demand for the dollar at the foreign exchange markets. Forex traders linked this to an improved dollar liquidity occasioned by the sustained sales of the greenback by the Central Bank of ...
