CBN approves $20,000 for eligible BDCs at N1,580 exchange rate

CBN approves $20,000 for eligible BDCs at N1,580 exchange rate …C0NTINUE READING HERE >>>

The Central Bank of Nigeria (CBN), says it has approved 20,000 dollars each for eligible Bureaux De Change (BDCs) at the rate of N1,580 to a dollar.

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This is according to a statement issued by Dr Williams kanaya, the Acting Director, Trade and Exchange Department of the apex bank.

“This is to inform the BDC operators and the general public that we are providing more liquidity into the market.

“To this end, the CBN has approved the sale of 20,000 dollars to each…

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