GOVERNOR, Central Bank of Nigeria, Mr. Lamido Sanusi, said in Tokyo on Sunday that the bank would soon stop selling cash to bureaux de change. He said, “Seventy per cent of the dollars that people buy from bureaux de change are not for transactions outside Nigeria. They move dollars from […]
Tag: cash
Inter-bank rates fall
Inter-bank lending rates eased more than 500 basis points on Friday to an average of 10.83 per cent, compared with 16.33 per cent recorded the previous week, after a cash dispersal from the August budgetary allocation to government agencies hit the system. A total of N570bn ($3.62bn) was distributed from […]
