
CBN Devalues Naira, Fixes Dollar Sale At ₦392
The Central Bank of Nigeria (CBN) has devalued the Naira by ₦6 to Dollar.
This brings the Naira closer to the exchange rate unification policy recommended by the International Monetary Fund (IMF) and the World Bank.
In a weekly update for International Money Transfer Service Operators (IMTOs), Bureau De Change (BDC) Operators and Service Providers were instructed to add ₦6 across all rates.
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The circular was signed by O. S. Nnaji, CBN Director, Trade & Exchange Department.
The exchange rate for the disbursement of IMTOs proceeds is effective Monday, …















