CBN Explains Naira Exchange Rate as One Dollar Sells for N1,700 in Black Market

CBN Explains Naira Exchange Rate as One Dollar Sells for N1,700 in Black Market …C0NTINUE READING HERE >>>

CBN Governor Olayemi Cardoso has clarified its role in the foreign exchange markets as the naira continues to fallCardoso stressed that the market is fully deregulated, and economic fundamentals determine the exchange rateThe naira is struggling in both the official and official foreign exchange markets, but CBN believes the future is bright

Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has clarified that the apex bank does not determine the country’s exchange rate.

Speaking as a panellist at the launch of the Nigeria Development Update in Abuja, Cardoso…

>