The apex bank had earlier, on April 8, approved the sale of $10,000 to 1,588 eligible BDCs at the rate of N1,101 to the dollar.
The church called for the sustenance of the efforts to help curb inflation.
“We advise for the review of guidelines on holding currencies on non-oil export accounts to a maximum of 48 hours.’’
CBN stated that it has seen FCY being used as collateral for naira loans by its clients and, as a result, forbids it going forward.
The Central Bank of Nigeria has once again declared that dollars will be sold to bureaux de change at N1,101 per dollar.
CBN has increased the minimum capital requirement for commercial banks with national licences from N25 billion to N200 billion.
The naira appreciated by N82.52 to reach N1,300 per dollar,
The continuous raising of MPC is not helping the economy.
The experts also advised the CBN on the need for a balanced approach.
“This will in turn lead to young people contributing tremendously to national development agenda.”
