The Central Bank of Nigeria (CBN) says it will resume weekly forex sales to Bureau de Change operators from August 31. In a circular signed by O.S. Nnaji, director of trade and exchange department, the apex bank said BDCs must not exchange the naira at more than N386/$. The apex bank said its decision to resume FX sales to BDCs is to enhance accessibility to forex particularly to travellers since the resumption date for international flights has been announced. Musa Nuhu, director-general of the Nigerian Civil Aviation Authority (NCAA), announced…
Read MoreCBN instructs BDC operators to sell dollars at N386/$
