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Home Markets Currencies

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

Nairametrics by Nairametrics
August 1, 2015
in Currencies, Economy & Politics
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  • 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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Tags: Black MarketCapital controlsCBN Forex PolicyNaira DevaluationNews Review
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