BREAKING: CBN begins sale of dollars to BDCs at N1,101/$1

by Elanza

April 8, 2024

in Business

BREAKING: CBN begins sale of dollars to BDCs at N1,101/$1

VIEWS

Facebook Twitter Whatsapp Email Telegram

The Central Bank of Nigeria (CBN) has announced the sales of foreign exchange (FX) to the bureau de change (BDC) operators at the rate of N1,101/$.

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

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

Telcos demand FCCPC, NCC framework to prevent airtime credit disruptions

IMF Lists Nigeria Among Africa’s Top AI Growth Economies

Bianca Hosts German Counterpart To Deepen Nigeria-Germany Partnership

The development comes less than a month after the second announcement of sales.

More to follow…

ALSO READ: Petrol to sell at N935 per litre from Monday – IPMAN

National ID: FG appoints SecureID manufacturer, introduces social features

Elanza

Court Blows Whistle on FCCPC’s Airtime Lending Bid

Telcos demand FCCPC, NCC framework to prevent airtime credit disruptions

by Elanza

July 22, 2026

By Abubakar Yunus Telecommunications operators have urged the Federal Competition and Consumer Protection Commission and the Nigerian Communications Commission to...

IMF Lists Nigeria Among Africa’s Top AI Growth Economies

by Elanza

July 22, 2026

Nigeria has been ranked among the five Sub-Saharan African countries with the highest potential to boost productivity through artificial intelligence,...

Bianca Hosts German Counterpart To Deepen Nigeria-Germany Partnership

by Elanza

July 22, 2026

The Minister of Foreign Affairs, Bianca Odumegwu-Ojukwu, will on Wednesday receive Germany's Minister for Foreign Affairs, Johann Wadephul, in Abuja...