Nigeria Central Bank Approves Weekly Dollar Sales to Bureau De Change Operators to Support Liquidity
Nigeria's central bank will sell 150,000 dollars weekly to retail traders to boost liquidity. New rules mandate strict KYC checks and electronic settlements.
The Central Bank of Nigeria (CBN) has issued a circular approving weekly foreign currency sales of up to $150,000 to each of the licensed bureau de change (BDC) operators. Announced today, February 11, 2026, the policy is designed to improve liquidity in the Nigerian Foreign Exchange Market and broaden access to dollars for market participants across Nigeria 
NG.
NG.The directive, released by the Trade and Exchange Department, introduces tighter compliance, reporting, and settlement rules for both authorised dealer banks and licensed bureau de change (BDC) operators. These changes are expected to alter how foreign exchange is distributed and settled, establishing a quantified weekly ceiling to ensure more efficient allocation of resources within the financial system.
