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Business Nigeria's BDC Set To Launch Online Exchange Rate Platform

Discussion in 'Business News' started by RemmyAlex, Jan 11, 2017. Views count: 745

  1. RemmyAlex

    RemmyAlex Social Member Curators

    Nigeria’s Bureau De Change (BDC), operators, are set to introduce an online exchange rate platform and have also fixed the Naira to Dollar reference rate at 399.

    The BDC Acting President, Mr Aminu Gwadabe, explained that the platform would help reduce the gap between the official inter-bank rate and parallel market rates, as well as eliminate multiple exchange rates in the country.


    Mr Gwadabe confirmed plans in Lagos that licensed forex retailers to launch the online platform for thousands of its members starting from the end of January.