{"id":11913,"date":"2017-03-31T11:41:38","date_gmt":"2017-03-31T10:41:38","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=11913"},"modified":"2017-03-31T11:41:38","modified_gmt":"2017-03-31T10:41:38","slug":"cbn-increases-forex-sale-to-bdcs-releases-fresh-100m","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/cbn-increases-forex-sale-to-bdcs-releases-fresh-100m\/","title":{"rendered":"CBN increases forex sale to BDCs, releases fresh $100m"},"content":{"rendered":"<p>The Central Bank of Nigeria on Thursday said it would from next Monday begin the sale of foreign exchange to Bureau De Change operators twice weekly.<\/p>\n<p>The Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okoroafor, who confirmed this, stated that the move was part of the apex bank\u2019s determination to sustain the liquidity in the forex market.<\/p>\n<p>Specifically, he said that the BDC operators would henceforth enjoy twice weekly purchases at the sum of $10,000 each.<\/p>\n<p>The apex bank, according to Okoroafor, has called on all licensed BDC operators to fund their accounts with the CBN on Mondays and Wednesdays, while they receive their purchases on Tuesdays and Thursdays respectively.<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n                                                                        \r\n\t\t\t\t\t\t\t<\/div>\n<p>He said, \u201cIn continuation of its determination to sustain liquidity in the foreign exchange market, the Central Bank of Nigeria wishes to inform market participants and the general public that it will commence twice weekly forex sales to Bureaux de Change from Monday, April 3, 2017.<\/p>\n<p>In a similar development, the CBN on Thursday offered the sum of $100m to authorised dealers to service forward requests.<\/p>\n<p>The development followed the regulator\u2019s decision to increase forex sale to the BDCs.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The Central Bank of Nigeria on Thursday said it would from next Monday begin the sale of foreign exchange to Bureau De Change operators twice weekly. The Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okoroafor, who confirmed this, stated that the move was part of the apex bank\u2019s determination to sustain the liquidity in &hellip;<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":11,"featured_media":10179,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[17],"tags":[1693],"coauthors":[2392,2393],"class_list":["post-11913","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news","tag-bdcs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CBN increases forex sale to BDCs, releases fresh $100m - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/cbn-increases-forex-sale-to-bdcs-releases-fresh-100m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBN increases forex sale to BDCs, releases fresh $100m - National Wire\" \/>\n<meta property=\"og:description\" content=\"The Central Bank of Nigeria on Thursday said it would from next Monday begin the sale of foreign exchange to Bureau De Change operators twice weekly. 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