Dollar to Naira Exchange: CBN issues fresh guidelines for BDCs on FX purchases, announces portal

The Central Bank of Nigeria (CBN) issued fresh guidelines on July 15, 2026 for licensed Bureau de Change (BDC) operators on how to purchase foreign exchange. The guidelines, signed by the CBN's Director of Trade and Exchange Department, Aderinola Shonekan, provide regulatory guidance and operational modalities to support liquidity in the retail segment of the foreign exchange market. The CBN also announced an electronic portal to enhance interaction between BDCs and the Nigerian Foreign Exchange Market (NFEM), warning that violations would attract sanctions. Additionally, the naira appreciated for the second time this week, closing at N1,381.53 per dollar on Thursday.