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: Sanusi
Overnight rate hits two-year high at 35%
Nigeria’s overnight lending rates soared by 10 percentage points to a more than two-year high of 35 per cent on Wednesday, dealers said, after the Central Bank of Nigeria squeezed liquidity to support the local naira currency. The naira closed at its firmest in two weeks, at N160.10 against the […]
