CBN Announces Applicable Exchange Rate for the Disbursement of Proceeds of IMTOs


Thursday, August 27, 07:22 PM / by CBN / Header Image Credit: CBN


Please be advised that the applicable exchange rate for the disbursement of proceeds of IMTOs for the period Monday August 31 to Friday  September 04, 2020 is as follows:


i.                 IMTSOs to Bank             N382/1USD

ii.               Banks to CBN                 N383/1 USD

iii.             CBN to BDCs                  N384/1 USD

iv.             BDCs to end-users         Not more than N386/1USD

v.               Volume of sales for each market is USD10,000.00 per BDC


Kindly note that the GDBP rate should be derived from the USD cross rate on the date of sale.

 Proshare Nigeria Pvt. Ltd.

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 Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

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