• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
Thursday, August 21, 2025
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
No Result
View All Result
Elanza News
Home National

CBN approves $20,000 for eligible BDCs at N1,580 exchange rate

Nathaniel Irobi by Nathaniel Irobi
September 7, 2024
in National
0
CBN approves $20,000 for eligible BDCs at N1,580 exchange rate

CBN Governor,  Yemi Cardoso

0
SHARES
4
VIEWS
FacebookTwitterWhatsappEmailTelegram

RelatedPosts

Zamfara APC supporters vow to defend their Votes, reject injustice in Kaura South rerun

FG Begins Review of Revenue Allocation Formula

Agric Youth forum hails NAIC CEO for advancing Tinubu’s food security vision

The Central Bank of Nigeria (CBN), says it has approved 20,000 dollars each for eligible Bureaux De Change (BDCs) at the rate of N1,580 to a dollar.

This is according to a statement issued by Dr Williams kanaya, the Acting Director,
Trade and Exchange Department of the apex bank.

“This is to inform the BDC operators and the general public that we are providing more liquidity into the market.

“To this end, the CBN has approved the sale of 20,000 dollars to each eligible BDCs operator at the rate of                    N1, 580/dollar. This is to meet the demand for invisible transactions.

“All BDCs are allowed to sell to eligible end-users at a margin not more than one per cent above the purchase rate from CBN.

“Eligible BDCs interested in this transaction are directed to make the Naira payment to the CBN deposit account numbers with them,” he said.

He said that payment confirmation and all necessary documentation for disbursement are to be submitted at the appropriate CBN branches in Abuja, Awka, Kano and Lagos for collection of the 20,000.00 dollars. (NAN

ALSO READ:  "Nigeria’s Cultural Festivals Poised for Global Spotlight, Says Belgian Envoy"
Tags: BDCsexchange rate
Nathaniel Irobi

Nathaniel Irobi

Related Posts

Zamfara APC supporters vow to defend their Votes, reject injustice in Kaura South rerun

Zamfara APC supporters vow to defend their Votes, reject injustice in Kaura South rerun

by Ojimaojo Abubakar
August 20, 2025
0

Supporters of the All Progressives Congress (APC) in Zamfara State have vowed to defend their votes in the forthcoming rerun...

FG Begins Review of Revenue Allocation Formula

FG Begins Review of Revenue Allocation Formula

by Nathaniel Irobi
August 18, 2025
0

ABUJA - Federal Government has officially commenced the process of reviewing the nation’s revenue allocation formula to meet current realities....

Agric Youth forum hails NAIC CEO for advancing Tinubu’s food security vision

Agric Youth forum hails NAIC CEO for advancing Tinubu’s food security vision

by Ojimaojo Abubakar
August 18, 2025
0

The Nigerian Agricultural Youths Forum has praised the Chief Executive Officer of the Nigerian Agricultural Insurance Corporation (NAIC), Yazid Shehu...

Recommended

Former Matawalle special Adviser Defeats Dauda In Zamfara Bye-Election

Former Matawalle special Adviser Defeats Dauda In Zamfara Bye-Election

3 days ago
ECOWAS Chairman Solicits Support to Combat Terrorism, Enhance Democracy

ECOWAS Chairman Solicits Support to Combat Terrorism, Enhance Democracy

4 days ago

Popular News

  • Cross River State Triumphs at Prestigious All-women Interstate Debate

    Cross River State Triumphs at Prestigious All-women Interstate Debate

    0 shares
    Share 0 Tweet 0
  • Sokoto GBV RT Demands Immediate Justice For Brutalized 14 Year Old Bashariya 

    0 shares
    Share 0 Tweet 0
  • BRGIE Acting Prime Minister Provides Explosive Testimony to U.S. Congress Calling For Release of Mazi Nnamdi Kanu & Simon Ekpa

    0 shares
    Share 0 Tweet 0
  • Haske: The Rise Of A New Movement

    0 shares
    Share 0 Tweet 0
  • Rahila Bags Presidential’s NYSC Honours Award For Community Service

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (25)
  • Business (763)
  • Education (224)
  • Entertainment (315)
  • Health (201)
  • National (2,319)
  • News (8,604)
  • Opinion (314)
  • Politics (1,703)
  • Science (15)
  • Security (409)
  • Sports (471)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform