The Central Bank of Nigeria (CBN) said it would be selling dollars to Bureau de Change operators at N1101/$
Consequently, the apex bank expect the bureau de change operators to sell at a profit margin of 1.5 percent.
CBN said it will be selling $10,000 to each of the operstors, according to a circular seen on its website.
The CBN said it is set to sell $10,000 to each BDCs at N1101/$ and directed the operators to sell at a spread not more than 1.5 per cent above the CBN rate.
