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CBN Sells Dollars to BDC in a Bid to Strengthen the Naira
The Central Bank of Nigeria (CBN) announced it has started selling $10,000 to Bureau De Change (BDC) operators, offering them direct access to US dollars at a discounted rate of N1,021 per dollar.This...
CBN Orders BDCs to Sell Dollar at N1,269/$
In a recent circular, the Central Bank of Nigeria disclosed that Bureau De Change operators (BDCs) had been assigned $10,000 at N1,251/$1.According to the circular released on Monday, the apex bank st...
CBN Resumes $20,000 Daily Forex Sale to 785 BDCs After 3 Years of Suspension
The CBN has announced the resumption of the $20,000 daily forex sale to Bureaux De Change (BDCs) after three years of suspension from the official forex window.According to the approved CBN’s record...
CBN Sells $300 Million to Deposit Money Banks to Stabilise the Naira
In the recent happenings in stabilising the Naira, the Central Bank of Nigeria has reportedly sold over $300 million to Deposit Money Banks in the last two weeks as ongoing measures to strengthen the ...
CBN Pegs the Payment of Cash Dollar Purchases to a Customer at $500
The Central Bank of Nigeria (CBN) has announced its move to peg the payment of cash dollar purchases to a customer at $500, stating that the foreign currency that exceeds this amount will be made thro...