BDC set to introduce online exchange rate platform

Mr. Aminu Gwadabe, the acting President of Nigeria’s Bureau De Change (BDC) operators says the operators are set to introduce an online exchange rate platform.

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.

He confirmed plans by licensed fx retailers to launch the online platform for thousands of its members starting from the end of January 2017.

The Bureau De Change (BDC) operators have also fixed the Naira to Dollar reference rate at 399.

 

Zainab Sa’id