BREAKING: For second time in four years, CBN adjusts naira to N380/$

 

 

 

 

The Central Bank of Nigeria (CBN) has directed that bureaux de change operators in the country must not sell dollars higher than N380 to end users.

This is compared to the previous N360/$ exchange rate.

This is contained in a memo signed by O.S. Nnaji, director of the apex bank’s trade and exchange department.

The memo was issued to banks and bureau de change operators.  (The Cable)