President Muhammadu Buhari says CBN governor Godwin Emefiele is serving in his regime at “a most challenging” period.
In compliance with the new forex regulation by the Central Bank of Nigeria (CBN), banks in Abuja have set up teller points for foreign exchange transactions.
The association maintained that BDCs are empowered to source FX from other sources and also to provide various services to members of the public.
The Central Bank of Nigeria (CBN) has directed banks to set up teller points in designated branches to sell the dollar and other foreign currencies to Nigerians.
Speculators say the current rates would continue to change over the course of the week.
Analysts at Cordros Research say the CBN’s ban on forex sale to BDC operators will further pressure the exchange rate in the parallel market.
The All-Share Index lost 46.93 points or 0.12 per cent to close at 38,802.15.
The announcement comes as the bank intensifies efforts to mitigate further decline of the country’s economy and the national currency.
“Unfortunately, there are some people that are trying to undermine what we have done by saying the CBN had to go through the national body in order to assist the poultry farmers.’’
The Central Bank of Nigeria (CBN) has announced that it will launch the pilot scheme of its digital currency by October 1, 2021.
