The naira slumped to N282 a dollar at the black market prompting the Central Bank of Nigeria to stop selling foreign exchange to Bureau de Change (BDCs) operators.
The Greenback on Monday, January 11 dropped to its lowest value of N282 a dollar at the parallel market even before the announcement of the suspension of the Dollar auction.
The CBN Governor Godwin Emefiele announced the decision yesterday in Abuja.
He however said the BDC operators are allowed to source for forex from any other source that will not be contrary to the money laundering laws.
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