The Director of Trade and Exchange Department of the CBN, W.J Kanya said this in a letter addressed to the President of the Association of Bureau De Change Operators (ABCON) on Monday in Abuja.
According to the letter, the BDC operators are expected to sell the dollars to eligible end users at a spread of not more than 1.5% above the purchase price. It directed all eligible BDCs to effect payment of the Naira deposit at the CBN Naira deposit account from Monday.
“All BDCs are strongly advised to continue to abide by the rules and conditions as stipulated in our earlier circulars,’’ it said.
