The Central Bank of Nigeria (CBN) has sold $10,000 to all eligible Bureau De Change (BDC) operators in the country at the rate of N1,251/$1.
In a circular issued by its Director of Trade and Exchange Department, Hassan Mahmud, and sent to the President of the Association of Bureau De Change Operators of Nigeria, Aminu Gwadabe on Monday, the apex bank said the BDCs are to sell to eligible end users at a spread of not more than 1.5% above the purchase price.
Therefore, the BDCs are not allowed to sell above N1,269/$1.
