BusinessBREAKING: CBN Intervenes In FX Market, Sells Dollars To BDCs At N1,450/$1

BREAKING: CBN Intervenes In FX Market, Sells Dollars To BDCs At N1,450/$1

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July 18, (THEWILL) – The Central Bank of Nigeria says it will sell dollars to Bureau De Change operators (BDCs) at N1,450/$1 to strengthen the local currency in the parallel market sector.

According to the bank, BDCs will receive $20,000 each at the rate of N1,450/$1, which was the lower band of today’s trading at the NAFEM.

 

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