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Forex: CBN Slashes BDC Rate to N360…$100m Offer Fully Subscribed

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    Barely 24 hours after its directive to Deposit Money Banks (DMBs) in the country to sell foreign exchange obtained from it to retail end-users at not more than N360/$1 for invisibles, the Central Bank of Nigeria (CBN), on Tuesday, March 28, 2017 crashed the rate at which it sells forex to Bureaux De ...

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