In a bid to regulate the foreign exchange market and curb exchange rate fluctuations, the Central Bank of Nigeria (CBN) has directed Bureau de Change (BDC) operators to sell the dollar at a capped rate of N1,269 per dollar. This directive was communicated through a circular issued by Dr. Hassan Mahmud, Director of the CBN’s … Continue reading CBN Mandates BDCs to Sell Dollar at N1,269 Amidst Steady Naira Appreciation