By Ndubuisi Ekekwe “Please be advised that the applicable exchange rate for the disbursement of proceeds of IMTOs, for the period Monday, November 30th to Friday, December 14, 2020, is as follows. IMTSOs to banks – N388/1USD Banks to CBN – N399/1USD CBN to BDCs – N390/1USD BDCs to end-users Not more than N392/1USD Volumes of sale for each market is USD10,000.00 per BDC”, from a Central Bank of Nigeria (CBN) circular. Yes, the CBN has devalued the Naira; now, it is N390 per 1USD officially. In the black market,…
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Source:: Tekedia
