Between January to July 2020, US dollar to Nigerian Naira exchange rate at the Central Bank of Nigeria (CBN) was N360/$1 until the unification of the exchange rate in August 2020 which moved it to N380/$1 (current CBN rate).
GTBank Domiciliary Account Holders Lament Over Inability to Withdraw or Make Transfer
Until September 24, 2020, GTBank domiciliary account was the best in Nigeria, there is no gainsaying about that.
But that seems to have changed following the present withdrawal issue being faced by dom account holders with the bank, they can neither make a transfer to another account or withdraw.
Full List: Certified Bureau De Change Operators in Nigeria
Bureau De Change (BDC) is any company that is licenced by the Central Bank of Nigeria (CBN) to carry out small scale foreign exchange business in Nigeria.
BDCs are regulated by the apex bank and as such, they are expected to carry out their dealings in line with the monetary policy of the CBN.
Is It Possible To Buy Dollars Directly From CBN?
As the pressure on Nigerian Naira continues, one of our readers asked, “Is it possible to buy dollars directly from Central Bank of Nigeria (CBN)?
In this post, we’ll share some tips with you on how to get access to forex from Nigeria’s apex bank irrespective of your location from the list of Bureau De Change in Nigeria as certified by the CBN.
