A licensed BDC operator in Abuja, Alhaji Yusuf Rabiu, said the recent raid of bureau de change establishments by the Economic and Financial Crimes Commission forced the operators to reach such an agreement
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According to the statement, the CBN Governor, Godwin Emefiele, said there was no preferential exchange rate of any sort to intending pilgrims
He said the increase in import duties was not in the interest of the masses, adding that it would increase the costs of doing business as well as prices of imported goods
CBN’s reaction was obtained and tweeted by the handle: @UnofficialCBN, a twitter handle which “publishes publishes news and information about the Central Bank of Nigeria, Nigerian economy, monetary policies and the Naira, sourced from various news media”
Governor Ambode said the deficiency, which Nigeria is currently experiencing in the economy as a result of the forex challenges, was a pointer to the fact that all hands must be on deck to carry out some kind of structural adjustment on the economy and encourage the manufacturing of products needed by Nigerians in Nigeria
The Central Bank of Nigeria has directed authorised foreign exchange dealers to give priority to customers seeking foreign currency for…
The Central Bank of Nigeria says importers of rice, cement and other products will no longer access Foreign Exchange from…
Similarly, it stood firm against the dollar at the black market as it gained 50 kobo to sell at N166 compared with N166.50 traded on May 26
At the official market, the naira exchanged for N241.19 to the pound, as against N241.18 that obtained on Monday