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Home Markets Currencies

To Boost Liquidity, CBN is Offering BDCs $30,000 Each On Friday

Nairametrics by Nairametrics
February 3, 2015
in Currencies, Politics
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RelatedPosts

EFCC battles black market to boost naira, local currency gains N60 to $1 within a week

Naira falls to N700/$1 at black market

  • The Central Bank of Nigeria has confirmed it will be selling $30,000 each to BDC operators numbering over 2,500 in an effort to improve liquidity.
  • It announced this via a circular issued February 3, 2015
  • The sale of forex to the BDC’s will be made on Friday, February 6th 2015
  • Interested BDCs are expected to fund their accounts before Wednesday February 4th.
  • See Circular

 

 

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