CBN approves forex sales to BDCs at N1,590/$

09/26/2024 5

The Central Bank of Nigeria has announced its decision to sell foreign exchange worth $20,000 to eligible Bureau De Change operator across the country.

This was disclosed by the apex bank in a statement signed by the Acting Director of Trade and Exchange Department, J. Kanya, on Wednesday.

Kanya noted that the sales will help operators meet retail market demand for eligible invisible transactions.

The latest intervention of the central bank comes hours after the Nigerian naira dropped in value against the dollar to N1,658.48 in the Nigerian Autonomous Foreign Exchange on Tuesday.

Written by: bossgmsi

Rate it

World

US and allies call for 21-day ceasefire across Lebanon.

The United States, United Kingdom and European Union including other allies have called for a temporary ceasefire in Lebanon, following an escalation in fighting between Israel and Hezbollah. In a joint statement on Wednesday, they revealed that the hostilities were intolerable and presented an unacceptable risk of a broader regional escalation that will not be either in the interest of the people of Israel or Lebanon. The joint statement was […]

09/26/2024 4