BREAKING: The Central Bank of Nigeria issued a circular to Bureau de Change operators, indicating that they have provided each BDC with $10,000 at an exchange rate of N1,251 per US dollar.

In the circular, each Bureau de Change is instructed to offer dollars to qualified customers at a rate that does not surpass 1.5% above the buying price.
This indicates that Bureau de Change are advised not to sell above N1,269 for each $1.

“We 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.

“We 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.”


https://twitter.com/Imranmuhdz/status/1772306476297560180

Indaboski bahose

Onanuga warned them last week but they though he was joking, sell those dollars now before it ends in maximum tears.

Using propaganda to run a government

You must fear drug lords.

successmatters:
Using propaganda to run a government

Tell nairalanders what you know about this issue since you believe it's propaganda

Dey play!

Racoon:
@ #1251? Una dey ment. Not when the wicked demons in the APC told the whole world in 2015 that 1$ = #216 is not ok.

You can keep on living in 2015, Nigerians are in 2024.

Small billion dollars you borrowed instead of giving it to the real sector you are defending a hopeless currency


Now is the time to buy up dollars... $1 to #2500 here we go