CBN TO SELL $10,000 TO BDCs TODAY AS NAIRA APPRECIATES

CBN TO SELL $10,000 TO BDCs TODAY AS NAIRA APPRECIATES – The Central Bank of Nigeria (CBN) said it will be selling $10,000 each to the 2,699 licensed BDCs at the first dollar sales of the year today, Wednesday, January 6, 2016, even as the value of the Naira strengthened to N262 to the dollar. The apex bank last week had published the list of 2,699 BDCs whose licenses have been confirmed having introduced the new requirements in a bid to correct observed deficiencies in the operation of BDCs in the country.
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