In a bid to meet the demand for foreign exchange transactions, the Central Bank of Nigeria (CBN) has approved the sale of foreign exchange (FX) to eligible bureau de change (BDC) operators at N1,450|$1.
The eligible BDCs would be allowed to buy up to $20k but are to sell to eligible end-users at a margin not more than 1.5 percent above the purchase rate from CBN.
These developments were contained in a statement on Thursday signed by A.A Mahdi, CBN’s acting director of trade and exchange department
