VERY sick Naira: CBN sells $20k to BDC operators at N1,590/$

VERY sick Naira: CBN sells $20k to BDC operators at N1,590/$ …C0NTINUE READING HERE >>>

The Central Bank of Nigeria (CBN) has announced the sale of $20,000 to each of the eligible Bureau De Change (BDC) operators in the country at the rate of N1,590/$.

In a circular to all Bureau De Change operators dated September 25, 2024, the apex bank said the forex would provide “additional liquidity to this segment of the foreign exchange market”.

The circular was signed by CBN’s Acting Director of Trade and Exchange Department, W.J. Kanya.

Kanya said, “To this end,…

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