The Central Bank of Nigeria is adopting stiffer measures to strengthen the nation’s currency, as the Naira continues to receive severe bashing from stronger international currencies.

The Central Bank of Nigeria is adopting stiffer measures to strengthen the nation’s currency, as the Naira continues to receive severe bashing from stronger international currencies.These include stopping the direct sale of the US dollars to bureau de change operators and conserve depleted foreign reserves.
The Governor of the Central Bank, GODWIN EMEFIELE said bureau de change operators would now need to source their foreign exchange from an autonomous source.Delivering a speech at a forum in Abuja, EMEFIELE said commercial banks will now be allowed to accept cash deposits of foreign exchange from their customers.