The Central Bank of Nigeria (CBN) has notified Bureau De Change (BDC) operators that it has sold $10,000 to each BDC at a rate of N1,251 per US dollar. This information was shared in a circular addressed to the President of the Association of Bureau De Change operators of Nigeria. Hassan Mahmud, the Director of the Trade & Exchange Department, signed the circular. Additionally, the CBN instructed each BDC to sell the dollars to eligible customers at a rate not exceeding 1.5 per cent above the purchase price.

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