Breaking: CBN orders bureaux de change operators not to sell dollars higher than N380

The Central Bank of Nigeria (CBN) has directed that bureaux de change operators in the country must not sell dollars higher than N380 to end users.

This is compared to the previous N360/$ exchange rate.

This is contained in a memo signed by O.S. Nnaji, director of the apex bank’s trade and exchange department.

The memo was issued to banks and bureau de change operators.