CBN sells FX to BDCs at N1251/$1 – The Sun Nigeria sunnewsonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunnewsonline.com Daily Mail and Mail on Sunday newspapers.
CBN sells forex to BDCs at N1251/$1 – The Sun Nigeria sunnewsonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunnewsonline.com Daily Mail and Mail on Sunday newspapers.
The Central Bank of Nigeria on Tuesday announced the commencement of sales of foreign exchange worth $20,000 t eligible Bureau De Change operators across the country. This was stated in a circular issued and signed by the Director, Trade and Exchange Department, Hassan Mahmud, adding that the apex bank will sell Dollar at a $1/N1301 rate. CBN, therefore, mandated all the Bureau De Change operators to sell at a margin not more than one per cent (1 per cent) above the purchase rate.