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CBN Resumes Sale of Forex to BDC Operators at N1,021 Per Dollar

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The Central Bank of Nigeria (CBN) 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 on the CBN’s website on Tuesday, April 23, 2024.

Details later…

Punch

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