• "CBN Approves BDC Sales at N1.450/$
• "CBN Injects Liquidity into FX Market
• CBN Greenlights Additional FX Sales to BDCs

To Stabilise Naira, CBN Greenlights Additional FX Sales to BDCs

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  admin / 9 months
• 0
• 2 min read

The Central Bank of Nigeria (CBN) has approved the sale of Foreign Exchange (FX) to eligible Bureau De Change (BDC) operators to address the demand for invisible transactions. Each BDC will receive $20,000 at a rate of N1,450/$, which is the lower band of the trading rate at the Nigerian Autonomous Foreign Exchange Market (NAFEM) […]