CBN Restores Dollar Sales to BDCs in Fresh Move to Narrow Naira Spread

Story: Written by springnewsng February 23,2026
The Central Bank of Nigeria has resumed the sale of United States dollars to licensed Bureau De Change (BDCs) as part of renewed efforts to stabilise the foreign exchange market and reduce the widening gap between official and parallel rates.
The policy shift is aimed at boosting dollar liquidity in the retail FX segment, easing pressure on the naira, and discouraging speculative trading. By reopening the supply window to BDCs, the apex bank hopes to improve access for small businesses, travellers, and individuals who rely on the informal market for foreign currency.
Market analysts say the move could help moderate volatility if accompanied by strict monitoring and compliance measures to prevent round-tripping and abuse. They also note that improved transparency and consistent supply will be key to restoring confidence in the currency.
The CBN reaffirmed its commitment to ongoing reforms designed to achieve exchange rate convergence, strengthen price stability, and support sustainable economic growth.