Nigeria Opens Official Dollar Market to FX Bureaux to Close Naira Street-Rate Gap
The Central Bank of Nigeria has for the first time granted currency-exchange bureaux access to dollars at the official market, seeking to ease retail shortages and narrow the gap between...
By Emele Onu · Bloomberg Markets
The Central Bank of Nigeria has for the first time granted currency-exchange bureaux access to dollars at the official market, seeking to ease retail shortages and narrow the gap between the naira’s formal and street rates.