The Central Bank of Nigeria on Monday disclosed that it sold $10,000 to each Bureau De Change operator at a rate of N1,101 per US dollar.
The bank disclosed this in a circular addressed to the President of the Association of Bureau De Change operators of Nigeria.
In the circular, signed by W.J. Kanya on behalf of the Director of the Trade and Exchange Department, the CBN also instructed each BDC to sell the dollars to eligible customers at a rate not exceeding 1.5 per cent above the purchase price.
