CBN Authorizes $20,000 Sale to BDC Operators at N1,590 per Dollar
The Central Bank of Nigeria (CBN) has authorized the sale of $20,000 to each eligible Bureau De Change (BDC) operator at the exchange rate of N1,590 per dollar. The move, aimed at injecting “additional liquidity” into the foreign exchange market, was announced in a circular dated September 25, 2024. Signed by the CBN’s Acting Director…