Breaking: CBN sells $10000 dollar each to over 1500 BDC operators at new rate

The Central Bank of Nigeria (CBN) has approved the sale of $10,000 to each of 1588 Bureau De Change operators (BDCs).

In a circular issued informing the BDCs of its new stance, the Apex Bank states that it will be sold at the rate of N1,101 to the dollar.

According to the regulator, the BBDCs are expected to sell at not more than 1.5 per cent above the price of purchase.

The Naira continues to appreciate as it closed last week at N1,251/$ in the market.

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