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This policy allows the CBN to sell a total of $10,000 to each eligible BDC, who in turn sell to end users with a maximum markup of 1.5% over the buying price in order to prevent price gouging and ensure that the benefits of the discounted rate are transferred to consumers needing foreign exchange for various personal transactions.
The exchange rate for a dollar to naira at LagosParallel Market (Black Market)players buy a dollar for N1380 and sell at N1420 on Thursday 25th April 2024, according to sources atBureau De Change (BDC)..
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