Amid a depleting foreign exchange FX reserve, the Central Bank of Nigeria has announced the resumption of sales of dollars to Bureau De Change operators (BDCs).
The apex bank made this disclosure in a circular TEM/FEM/PUB/001/013 uploaded to its website on Tuesday and signed by its Director, Trade and Exchange Department Dr Hassan Mahmud.
The apex bank said it is set to sell $10,000 to BDCs at N1,021 per dollar and directed the operators to sell at a spread not more than 1.5 per cent above the CBN rate.
