{"id":114192,"date":"2024-03-25T22:26:50","date_gmt":"2024-03-25T21:26:50","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/fx-crisis-dont-sell-above-n1269-per-dollar-cbn-orders-bdcs"},"modified":"2024-03-26T01:07:44","modified_gmt":"2024-03-26T00:07:44","slug":"fx-crisis-dont-sell-above-n1269-per-dollar-cbn-orders-bdcs","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/fx-crisis-dont-sell-above-n1269-per-dollar-cbn-orders-bdcs","title":{"rendered":"FX crisis: Don\u2019t sell above N1,269 per dollar \u2013 CBN orders BDCs"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Central Bank of Nigeria, CBN, has provided Bureau De Change, BDCs, operators with $10,000 at an exchange rate of N1,251 per United States, US, dollar.<\/p>\n

This was revealed in a circular signed by Hassan Mahmud, the CBN Director of Trade and Exchange Department.<\/p>\n

The apex bank instructed the BDCs to offer dollars to qualified customers at a rate not more than 1.5 per cent above the buying price.<\/p>\n

This indicates that BDCs are advised not to sell above N1,269 for each $1.<\/p>\n

The circular reads partly: \u201cWe refer to our letter to you referenced TED\/DIR\/CON\/GOM\/001\/071 in respect of the above subject wherein the CB approved a second tranche of sale of FX to eligible BDCs.<\/p>\n

\u201cWe write to inform you of the sale of $10,000 to each BDC at the rate of N1,251\/$1. The BDCs are to sell to eligible end users at a spread of NOT MORE THAN 1.5 per cent above the purchase price.\u201d<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The Central Bank of Nigeria, CBN, has provided Bureau De Change, BDCs, operators with $10,000 at an exchange rate of N1,251 per United States, US, dollar. This was revealed in a circular signed by Hassan Mahmud, the CBN Director of Trade and Exchange Department. The apex bank instructed the BDCs to offer […]<\/p>\n","protected":false},"author":84,"featured_media":114190,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,5837,503,254],"class_list":["post-114192","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-nigeria-2","tag-bdcs","tag-cbn","tag-nigeria"],"yoast_head":"\nFX crisis: Don\u2019t sell above N1,269 per dollar \u2013 CBN orders BDCs - Nigeria<\/title>\n<meta name=\"description\" content=\"The Central Bank of Nigeria, CBN, has provided Bureau De Change, BDCs, operators with $10,000 at an exchange rate of N1, ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/fx-crisis-dont-sell-above-n1269-per-dollar-cbn-orders-bdcs\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FX crisis: Don\u2019t sell above N1,269 per dollar \u2013 CBN orders BDCs\" \/>\n<meta property=\"og:description\" content=\"The Central Bank of Nigeria, CBN, has provided Bureau De Change, BDCs, operators with $10,000 at an exchange rate of N1, ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/fx-crisis-dont-sell-above-n1269-per-dollar-cbn-orders-bdcs\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-25T21:26:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-26T00:07:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/03\/sm_1711394841.119401.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"420\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/fx-crisis-dont-sell-above-n1269-per-dollar-cbn-orders-bdcs#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/fx-crisis-dont-sell-above-n1269-per-dollar-cbn-orders-bdcs\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"FX crisis: Don\u2019t sell above N1,269 per dollar \u2013 CBN orders BDCs\",\"datePublished\":\"2024-03-25T21:26:50+00:00\",\"dateModified\":\"2024-03-26T00:07:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/fx-crisis-dont-sell-above-n1269-per-dollar-cbn-orders-bdcs\"},\"wordCount\":179,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/fx-crisis-dont-sell-above-n1269-per-dollar-cbn-orders-bdcs#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/03\/sm_1711394841.119401.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"BDCs\",\"CBN\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/fx-crisis-dont-sell-above-n1269-per-dollar-cbn-orders-bdcs#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/fx-crisis-dont-sell-above-n1269-per-dollar-cbn-orders-bdcs\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/fx-crisis-dont-sell-above-n1269-per-dollar-cbn-orders-bdcs\",\"name\":\"FX crisis: Don\u2019t sell above N1,269 per dollar \u2013 CBN orders BDCs - 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