The naira Tuesday slid further at the parallel market in spite of the clampdown the federal government ordered on foreign exchange market speculators. Bureau De Change (BDC) hubs were raided in Abuja, Lagos and Kano and some operators were arrested. Despite the raids, however, the naira plunged further with a…
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Wale Thompson, a financial analyst, has suggested a framework that the federal government as well as the Central Bank of Nigeria (CBN) can adopt for steady foreign exchange (FX) adjustments.
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