CBN suspends forex sale till Jan. 4


CBN-Governor-Godwin-EmefieleThe Central Bank of Nigeria has suspended the sale of foreign exchange to Bureaux De Change operators till January 4, 2016.

The suspension, a normal practice in the financial services sector before Christmas and the New Year, is expected to generate some level of forex scarcity during the Yuletide season considering the continued pressure on the naira in recent times.

The CBN sold $10,000 each to 2,088 BDC operators in its weekly forex sale on Wednesday, the President, Association of Bureau De Change Operators, Alhaji Aminu Gwadabe, told our correspondent.