Why naira-dollar exchange rate gap is widening – ABCON

Why naira-dollar exchange rate gap is widening – ABCON

The Association of Bureaux De Change Operators of Nigeria (ABCON) says the widening gap between the official and parallel market exchange rates is driven by acute dollar scarcity due to the continued suspension of foreign exchange sales to BDCs by the Central Bank of Nigeria (CBN). ABCON stated this in its quarterly economy review for […]

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