2024-09-25 | TED/FEM/PUB/FPC/001/028

Sales of Foreign Exchange to BDCs to meet Retail Market Demand for Eligible Invisible Transactions

The Central Bank of Nigeria (CBN) is providing additional liquidity to the foreign exchange market by offering US$20,000 to eligible Bureau De Change (BDC) Operators at a set rate. BDCs can then sell to end-users at a rate not exceeding one percent above the purchase rate from CBN. Interested BDCs must make payments to the CBN and submit documentation at designated branches for the disbursement of funds.