Regulatory Alerts2015-02-03 | TED/FEM/FPC/GEN/01/004Special Intervention in The Bureau De Change (BDC) Segment Of The Foreign Exchange Market
The Central Bank of Nigeria announces a special intervention in the Bureau de Change segment of the foreign exchange market, offering to sell USD 30,000 to interested BDC operators on February 6, 2015, in addition to their regular weekly sales. BDC operators are advised to fund their accounts by February 4 to accommodate this intervention.
BANK OF NIGERIA P.M.B. 0187, Garki, Abuja, FCT TRADE AND EXCHANGE DEPARTMENT 09 46237804 09 46237802 E-mail address: ted@cbn.gov.ng TED/FEM/FPC/GEN/01/004 February 03, 2015 TO: ALL AUTHORISED DEALERS and BUREAUX DE CHANGE OPERATORS SPECIAL INTERVENTION IN THE BUREAU DE CHANGE (BDC) SEGMENT OF THE FOREIGN EXCHANGE MARKET This is to inform all licensed BDC operators that in order to improve the liquidity in the BDC segment of the Foreign Exchange Market, the Central Bank of Nigeria will be intervening in the market by selling USD30,000.00 to interested BDCs on Friday 06, February 2015. This is in addition to the weekly sales to the operators.
Interested BDC operators are therefore advised to fund their accounts on or before Wednesday 04, February 2015 to accommodate the proposed intervention of Friday 06, February 2015. OLAKANMI I. GBADAMOSI DIRECTOR TRADE & EXCHANGE DEPARTMENT