•Experts seek CBN intervention Unless the Central Bank of Nigeria (CBN) takes proactive action in narrowing the gap between the official and parallel foreign exchange rates, dealers face the temptation of going back to the dark days of round tripping, experts have warned. Bismarck Rewane, chief executive of Financial Derivatives, in his monthly Economic News and Views said the gap between official and parallel rates rose from 2.6 percent in January to 3.39 percent in February. Analysts are...
Full Story: Business Day Online
