Sat, 13 Jul 2024


BREAKING: CBN resumes forex sale to BDCs at N1,021/$
By: Abara Blessing Oluchi
Tue, 23 Apr 2024   ||   Nigeria,

The Central Bank of Nigeria has resumed the sale of foreign exchange to Bureau De Change operators. In this latest move, the apex bank is selling to them at an exchange rate of N1,021 per dollar.

Additionally, the CBN has directed BDCs to limit their sales to an amount not exceeding 1.5 per cent above the purchase price.

This information was disclosed in a circular uploaded to the CBN’s website on Tuesday.

Details later…


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