Bdcs banks shun cbns 50000 sale directive

It appears that you're referring to a news article or a financial topic. Here's a breakdown of what I understand:

From what I gather, the article is suggesting that commercial banks in Nigeria are shunning the CBN's directive to sell foreign currency to BDCs at a rate of N50,000 per dollar. This could be due to various reasons such as:

  1. Lack of foreign currency reserves: Commercial banks might not have sufficient foreign currency reserves to meet the demand from BDCs.
  2. Fear of losses: Selling foreign currency at a rate of N50,000 per dollar might result in significant losses for commercial banks, especially if the exchange rate fluctuates.
  3. Regulatory issues: Commercial banks might be hesitant to comply with the directive due to regulatory issues or concerns about the CBN's ability to enforce the directive.

It's essential to note that the CBN's directive is aimed at stabilizing the foreign exchange market and ensuring that the naira remains stable. However, the commercial banks' reluctance to comply with the directive could lead to a shortage of foreign currency in the market, which could have negative consequences for the economy.

If you have any specific questions or would like more information on this topic, feel free to ask!