Fund BDC to stabilise naira, Sanusi tells CBN
Former CBN governor Mohammad Sanusi says the Central Bank of Nigeria (CBN) must fund Bureau De Change (BDC) segment of the foreign exchange to protect the naira.
The one-time emir of Kano said this action will bridge the gaps between official and parallel market rates of the naira.
The Apex Bank in March suspended dollar sales to BDCS but the policy has not affected dollar transactions in the Investors & Exporters (I&E) forex window.
