The Central Bank of Nigeria, CBN has again crashed the price of dollar for Bureau De Change, BDCs operators across the country.
The apex bank in a statement issued on Monday announced the sale of $10,000 to each BDC at a rate of N1,101/$1.
This was contained in a post on the CBN X platform , on Monday, 8th April, 2024.
The development is coming few days after the BDC operators requested a review of the buying rate of the dollar by the CBN.
According to a new circular obtained by DAILY GIST, the apex bank announced the sale of $10,000 to each BDC at N1,101 per dollar, asking them to sell at least the 1.5% rate to buyers.
This means that the BDCs are expected to the dollar at a new rate of N1,117 per dollar, below the selling rate of N1,251 per dollar recorded in the first week of April 2024.
The development comes as the naira appreciated N1,251.05 per dollar in the official window and N1,245 in the parallel market.
All eligible BDCs are therefore directed to commence payment of the Naira deposit to the underlisted CBN Naira Deposit Account Numbers from Today Monday April 05, 2024, and submit confirmation of payment with other necessary documentation for disbursement at the appropriate CBN Branches,”the CBN said
