MON APRIL 08 2024-theGBJournal| The Central Bank of Nigeria (CBN) Monday sold $10, 000 to Bureau de Change (BDCs) operators at the rate of N1101/$1, in its continuous efforts in the FX market to stabilize the naira.
The BDCs are in turn to sell to eligible end users at a spread of not more than 1.5% above the purchase.
The CBN consequently, directed all ”eligible” BDCs to commence payment of the Naira deposit to the its Naira Deposit Account Numbers at its Branches in Abuja, Lagos, Awka and Kano, from today Monday April 08, 2024, and ”submit confirmation of payment with other necessary documentation for disbursement at the appropriate CBN Branches.”
1588 BDCs are recipients of the latest fx sale
X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com
