In continuation of its defence of the naira against the dollar, the Central Bank of Nigeria (CBN) Monday announced the sales of foreign exchange (FX) to the bureau de change (BDC) operators at the rate of N1,101/$1.
This rate is below the ₦1251/$1 at which the exchange rate closed officially on Friday.
The CBN disclosed this in a circular, titled, ‘Sales of FX to Meet Retail Market Demand For Eligible Invisible Transactions’, dated April 8.
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