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Thursday, May 2
In a post via its official X handle on Thursday, the CBN said a circular claiming the apex bank announced the sale of $10,000 to BDCs at the rate of $1001/$1 was “fake”.
“ALL eligible BDCs are therefore directed to commence payment of the Naira deposit to the underlisted CBN Naira Deposit Account Numbers from today Monday, April 17, 2024, and submit confirmation of payment with other necessary documentation for disbursement at the appropriate CBN branches.” According to data from FMDQ, the indicative exchange rate for NAFEM increased to ₦1,154.08 per dollar from ₦1,072.74 per dollar it traded on Wednesday, resulting in a depreciation of ₦81.34 for the naira..
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