By NewsBits The Central Bank of Nigeria has issued a circular to Bureau De Change operators informing them of the sale of $10,000 to each BDC at a rate of N1,251/$1. This was contained in a circular signed by the bank’s Director, Trade and Exchange Department, Dr Hassan Mahmud, on Monday. The apex bank directed each BDC to sell the dollars to eligible customers at a rate not exceeding 1.5 per cent above the purchase price, implying that each BDC is not expected to sell above N1,269/$1. The CBN announced…
Read MoreCentral Bank Of Nigeria Sells $10,000 To BDC At N1,251/$1
