The Central Bank of Nigeria (CBN) has commenced fresh and direct sales of US {dollars} at N1,021 per dollar to Bureau De Change operators.
This was disclosed in a round signed and released by CBN’s Director of Trade and Exchange Department Hassan Mahmud. It read;
“We write to tell you of the sale of $10,000 by the Central Bank of Nigeria (CBN) to BDCs on the fee of N1,021/$1. The BDCs are in turn to sell to eligible end users at a spread of NOT MORE THAN 1.5 % above the purchase price.
“ALL eligible BDCs are therefore directed to begin cost of the Naira deposit to the underlisted CBN Naira Deposit Account Numbers from at this time, Monday, April 22, 2024, and submit confirmation of cost, with different necessary documentations, for disbursement of FX on the respective CBN Branches.”
