BREAKING: CBN Crashes Dollar Price, Sells At New Rate, N1,101 Per Dollar


The Central Bank of Nigeria has reduced the price of dollar to Naira in a latest move.

The Apex Bank announced the sale of huge amount of dollars to Bureau De Change (BDC) operators who will in turn sell to individual buyers at a regulated price.

The Central Bank made this known in a circular published on its website on Monday. According to the circular, the apex bank is to sell $10,000 to each BDC at the rate of N1,101 per dollar and has instructed the operators to sell at a spread not exceeding 1.5 per cent above the CBN rate.

This marks a significant gain for the Naira. With this development, Nigerians can now buy the currency at a lower rate compared to how much they used to spend when Naira was on a continuous free fall some months ago selling as high as N1,600 per dollar.

This is like a magic. No body predicted it many months back

COMRADES, we're tired of the media crashes of dollars for the past three weeks. The prices of goods and services are still very high, enough of the president's deception

Melagros:
COMRADES, we're tired of the media crashes of dollars for the past three weeks. The prices of goods and services are still very high, enough of the president's deception

Crashing of the dollar still dey pain you.?

Chief, you need help ....okay you want to make dollar dey go up ....till it. become 1000000 per dollar.....

Your comments didn't come as a surprise, because your region only rejoices in any bad news from the country..... including your pastors and village elders

As e de crash make e no ever wake up o