Nigeria, a nation at the crossroads of economic challenges, faces a dual struggle with exchange rate volatility and the imperative to attract foreign investments. These developments have garnered attention on the global stage, with experts and officials weighing in on the country’s economic future. Naira-Dollar Rate Volatility The exchange rate between the Nigerian naira and […]
CBN Reduces Number of BDC operators from 5689 TO 2991
LIDA Network had conducted an investigation regarding how Bureau De Change operators in Nigeria had formed a cartel under the watch of the Central Bank of Nigeria. LIDA Network can now confirm that a previously inexistent link on the homepage of CBN’s website now shows that the CBN has taken the necessary action in cleaning […]