Nigeria: BDCs Purchased U.S.$600 Million Forex in Three Months - CBN

Central Bank of Nigeria (CBN) sold a total of $600 million in foreign exchange through various bureaux de change (BDCs) between January and March 31, 2014.

The figure, which amounted to N94.769 billion, representing a decrease of N3.740 billion or 3.8 per cent below the amount recorded in the preceding quarter, represented $25.60 million or 4.1 per cent drop, when compared with the $625.60 million reported in the preceding quarter.

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