How to Buy Foreign Currency from Nigerian Banks
CBN new policy on foreign exchange bans BDCs and require Nigerians to buy their foreign currency from banks
dollars
CBN bans dollar sales to Bureau De Change operators, to sell directly to banks
The Central Bank of Nigeria has announced a ban on forex sales to Bureau De Change operators in the country instead opting to sell dollars and other foreign currencies directly to commercial banks, that will in turn sell to Nigerians. This will make it more difficult for Nigerians to access hard currency from the black …
CBN bans dollar sales to Bureau De Change operators, to sell directly to banks Read More »
Nigerian Naira depreciates to 411 to a Dollar
The Nigerian currency, the Naira traded at a record low against the dollar at the official NAFEX window on Friday. The naira closed at 411.25 — the last closing rate for the naira, despite hitting N419.75 to a dollar during the intra-trading day. Having traded within a band of 380 and 381 to the dollar …