Ignore The Circular Saying We Are Selling FX To BDCs At $1 – CBN

The Central Bank of Nigeria (CBN) has come out to say that reports that it is selling foreign exchange (FX) to bureau de change (BDC) operators at the rate of N1,001/$1 are false.

The apex bank recently had its say in a post on X, and Nigerians have been reacting.

According to CBN, the viral circular claiming the apex bank announced the sale of $10,000 to BDCs at the rate of N1,001/$1 is fake and should be ignored by Nigerians.

The circular read, “We write to inform you of the sale of $10,000 by the Central Bank of Nigeria (CBN) to BDCs at the rate of N1001/$1.

The BDCs are in turn to sell to eligible end users at a spread of NOT MORE THAN 1.5 percent above the purchase price.

ALL eligible BDCs are therefore directed to commence payment of the Naira deposit to the underlisted CBN Naira Deposit Account Numbers from today Monday, April 17, 2024, and submit confirmation of payment with other necessary documentation for disbursement at the appropriate CBN branches.”

WOW.

The Economic and Financial Crimes Commission has come out to declare former governor of Kogi State, Yahaya Bello wanted for offences relating to economic and financial crimes.

This was recently contained in a notice posted on the commission’s official Facebook page, and Nigerians have been reacting.

According to the commission, the ex governor is wanted for economic and financial crimes worth about N80.2 bn, so anyone with information as to his whereabout should report immediately to the commission or the nearest police station.

It read, “Former Kogi State Governor, Yahaya Bello, is wanted by the EFCC for offences relating to economic and financial crimes to the tune of N80.2 bn.

Anybody with information as to his whereabout should report immediately to the commission or the nearest police station.”

WOW.