CBN sells another $20,000 to Each BDC at N1,590/$ for Invisible transactions

CBN sells another $20,000 to Each BDC at N1,590/$ for Invisible transactions …C0NTINUE READING HERE >>>

In  its efforts at boosting foreign exchange liquidity within the retail market segment, particularly for personal and business transactions classified as invisible, the Central Bank of Nigeria (CBN) has approved the sale of US$20,000.00 to each eligible Bureau de Change (BDC) operator at the rate of N1,590/$.

This is according to a circular released, Wednesday , September 25, 2024, signed by the Acting Director of the Trade & Exchange Department, Dr. W.J. Kanya.

This brings to the…

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