{"id":115268,"date":"2024-04-08T11:07:22","date_gmt":"2024-04-08T10:07:22","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/naira-appreciation-cbn-begins-sale-of-dollars-to-bdcs-at-n1101"},"modified":"2024-04-08T13:28:01","modified_gmt":"2024-04-08T12:28:01","slug":"naira-appreciation-cbn-begins-sale-of-dollars-to-bdcs-at-n1101","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciation-cbn-begins-sale-of-dollars-to-bdcs-at-n1101","title":{"rendered":"Naira appreciation: CBN begins sale of dollars to BDCs at N1,101"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Central Bank of Nigeria, CBN, has begun another tranche of dollar sales to Bureau De Change, BDC, operators to further boost the appreciation of the Naira in the foreign exchange market.<\/p>\n

The National President of the Association of Bureau De Change Operators, Aminu Gwadabe exclusively confirmed this on Monday.<\/p>\n

Accordingly to Gwadade, the apex bank has started selling $10,000 FX to each eligible BDC at N1,101 per dollar.<\/p>\n

He said all BDCs are allowed to sell to end-users at a margin not more than 1.5 per cent above the purchase rate from the CBN.<\/p>\n

The implication is that BDCs are to buy at N1,101 per dollar and sell at N1,117.52.<\/p>\n

\u201cIt is true, CBN had started selling dollars to our members at N1,101\/$1, it was reviewed downward from N1,251 per dollar,\u201d Gwadade said.<\/p>\n

The development came barely 48 hours after BDCs called for FX allocation below N1,251 per dollar to sustain the Naira\u2019s appreciation in the forex market.<\/p>\n

Recall that CBN sold $10,000 at an exchange rate of N1,251 to BDCs to defend the Naira in the foreign exchange market last month.<\/p>\n

For a month, the Naira has continued its appreciation against the dollar, which stood at N1,251.05 per dollar last Friday.<\/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 begun another tranche of dollar sales to Bureau De Change, BDC, operators to further boost the appreciation of the Naira in the foreign exchange market. The National President of the Association of Bureau De Change Operators, Aminu Gwadabe exclusively confirmed this on Monday. Accordingly to […]<\/p>\n","protected":false},"author":84,"featured_media":115266,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,3966,1578,503,13179,254],"class_list":["post-115268","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-bdc","tag-breaking","tag-cbn","tag-naira-appreciation","tag-nigeria"],"yoast_head":"\nNaira appreciation: CBN begins sale of dollars to BDCs at N1,101 - Nigeria<\/title>\n<meta name=\"description\" content=\"The Central Bank of Nigeria, CBN, has begun another tranche of dollar sales to Bureau De Change, BDC, operators to furth ...\" \/>\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\/naira-appreciation-cbn-begins-sale-of-dollars-to-bdcs-at-n1101\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Naira appreciation: CBN begins sale of dollars to BDCs at N1,101\" \/>\n<meta property=\"og:description\" content=\"The Central Bank of Nigeria, CBN, has begun another tranche of dollar sales to Bureau De Change, BDC, operators to furth ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciation-cbn-begins-sale-of-dollars-to-bdcs-at-n1101\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-08T10:07:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-08T12:28:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/04\/sm_1712562819.188211.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\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\/naira-appreciation-cbn-begins-sale-of-dollars-to-bdcs-at-n1101#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciation-cbn-begins-sale-of-dollars-to-bdcs-at-n1101\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Naira appreciation: CBN begins sale of dollars to BDCs at N1,101\",\"datePublished\":\"2024-04-08T10:07:22+00:00\",\"dateModified\":\"2024-04-08T12:28:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciation-cbn-begins-sale-of-dollars-to-bdcs-at-n1101\"},\"wordCount\":223,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciation-cbn-begins-sale-of-dollars-to-bdcs-at-n1101#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/04\/sm_1712562819.188211.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"BDC\",\"breaking\",\"CBN\",\"Naira Appreciation\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciation-cbn-begins-sale-of-dollars-to-bdcs-at-n1101#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciation-cbn-begins-sale-of-dollars-to-bdcs-at-n1101\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciation-cbn-begins-sale-of-dollars-to-bdcs-at-n1101\",\"name\":\"Naira appreciation: CBN begins sale of dollars to BDCs at N1,101 - Nigeria\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciation-cbn-begins-sale-of-dollars-to-bdcs-at-n1101#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciation-cbn-begins-sale-of-dollars-to-bdcs-at-n1101#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/04\/sm_1712562819.188211.jpg\",\"datePublished\":\"2024-04-08T10:07:22+00:00\",\"dateModified\":\"2024-04-08T12:28:01+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"The Central Bank of Nigeria, CBN, has begun another tranche of dollar sales to Bureau De Change, BDC, operators to furth ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciation-cbn-begins-sale-of-dollars-to-bdcs-at-n1101#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciation-cbn-begins-sale-of-dollars-to-bdcs-at-n1101\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciation-cbn-begins-sale-of-dollars-to-bdcs-at-n1101#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/04\/sm_1712562819.188211.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/04\/sm_1712562819.188211.jpg\",\"width\":1200,\"height\":675,\"caption\":\"Naira appreciation: CBN begins sale of dollars to BDCs at N1,101\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciation-cbn-begins-sale-of-dollars-to-bdcs-at-n1101#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/nigeria\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Naira appreciation: CBN begins sale of dollars to BDCs at N1,101\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/\",\"name\":\"Africa Press | Nigeria | Homepage\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/author\/cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Naira appreciation: CBN begins sale of dollars to BDCs at N1,101 - Nigeria","description":"The Central Bank of Nigeria, CBN, has begun another tranche of dollar sales to Bureau De Change, BDC, operators to furth ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciation-cbn-begins-sale-of-dollars-to-bdcs-at-n1101","og_locale":"en_US","og_type":"article","og_title":"Naira appreciation: CBN begins sale of dollars to BDCs at N1,101","og_description":"The Central Bank of Nigeria, CBN, has begun another tranche of dollar sales to Bureau De Change, BDC, operators to furth ...","og_url":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciation-cbn-begins-sale-of-dollars-to-bdcs-at-n1101","og_site_name":"Nigeria","article_published_time":"2024-04-08T10:07:22+00:00","article_modified_time":"2024-04-08T12:28:01+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/04\/sm_1712562819.188211.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciation-cbn-begins-sale-of-dollars-to-bdcs-at-n1101#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciation-cbn-begins-sale-of-dollars-to-bdcs-at-n1101"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Naira appreciation: CBN begins sale of dollars to BDCs at N1,101","datePublished":"2024-04-08T10:07:22+00:00","dateModified":"2024-04-08T12:28:01+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciation-cbn-begins-sale-of-dollars-to-bdcs-at-n1101"},"wordCount":223,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciation-cbn-begins-sale-of-dollars-to-bdcs-at-n1101#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/04\/sm_1712562819.188211.jpg","keywords":["Africa Press","Africa Press-Nigeria","BDC","breaking","CBN","Naira Appreciation","Nigeria"],"articleSection":["all news","Economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciation-cbn-begins-sale-of-dollars-to-bdcs-at-n1101#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciation-cbn-begins-sale-of-dollars-to-bdcs-at-n1101","url":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciation-cbn-begins-sale-of-dollars-to-bdcs-at-n1101","name":"Naira appreciation: CBN begins sale of dollars to BDCs at N1,101 - Nigeria","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciation-cbn-begins-sale-of-dollars-to-bdcs-at-n1101#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciation-cbn-begins-sale-of-dollars-to-bdcs-at-n1101#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/04\/sm_1712562819.188211.jpg","datePublished":"2024-04-08T10:07:22+00:00","dateModified":"2024-04-08T12:28:01+00:00","author":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"The Central Bank of Nigeria, CBN, has begun another tranche of dollar sales to Bureau De Change, BDC, operators to furth ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciation-cbn-begins-sale-of-dollars-to-bdcs-at-n1101#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciation-cbn-begins-sale-of-dollars-to-bdcs-at-n1101"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciation-cbn-begins-sale-of-dollars-to-bdcs-at-n1101#primaryimage","url":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/04\/sm_1712562819.188211.jpg","contentUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/04\/sm_1712562819.188211.jpg","width":1200,"height":675,"caption":"Naira appreciation: CBN begins sale of dollars to BDCs at N1,101"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/naira-appreciation-cbn-begins-sale-of-dollars-to-bdcs-at-n1101#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/nigeria\/"},{"@type":"ListItem","position":2,"name":"Naira appreciation: CBN begins sale of dollars to BDCs at N1,101"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/nigeria\/#website","url":"https:\/\/www.africa-press.net\/nigeria\/","name":"Africa Press | Nigeria | Homepage","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","url":"https:\/\/www.africa-press.net\/nigeria\/author\/cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/115268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/comments?post=115268"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/115268\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media\/115266"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media?parent=115268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/categories?post=115268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/tags?post=115268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}