Regulatory Alerts2024-04-23 | TED/FEM/PUB/FPC/001/013Added · Updated
Sale of FX to BDCs to Meet Market Demand (Retail-End) for Invisible Transactions
The Central Bank of Nigeria informs the Association of Bureau De Change Operators of Nigeria of the sale of $10,000 by the Central Bank of Nigeria to BDCs at the rate of N1,021/$1. The BDCs are in turn to sell to eligible end users at a spread of NOT MORE THAN 1.5 percent above the purchase price.
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Topics
monetary
fx
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