The Central Bank of Nigeria (CBN) has approved another sale of foreign exchange (FX) to eligible bureau de change (BDC) operators at N1,590 per dollar to meet the demand for invisible transactions. CBN announced the sale on Wednesday in a circular titled ‘Sales of Foreign Exchange to BDCs to Meet Retail Market Demand For Eligible Invisible Transactions,’ and signed by W.J Kanya, acting director, trade and exchange department. The apex bank said it will sell $20,000 at the rate of N1,590/$ to each BDCs. “This is to inform the Bureau…
Read MoreCBN Sells Dollars To BDCs At N1,590/$
