Take a fresh look at your lifestyle.

CBN sells FX to BDC operators at N1,101/$

95

Get real time updates directly on you device, subscribe now.

The Central Bank of Nigeria (CBN) has declared that it will once again sell dollars to bureau de change operators at the rate of N1,101/$.

The apex bank announced this in a circular, titled, ‘Sales of FX to Meet Retail Market Demand For Eligible Invisible Transactions’, dated April 8.

According to the CBN, it intend to offer $10,000 to each BDC at N1101/$ and ordered the operators to sell at a margin no more than 1.5 percent above the CBN rate.

The circular was addressed to the president of the Association of Bureau De Change Operators of Nigeria (ABCON).

Get real time updates directly on you device, subscribe now.