Cbn auctions 250m to bdcs nationwide

It appears that you're referring to a news article or announcement about the Central Bank of Nigeria (CBN) auctioning 250 million naira to Bureau De Change (BDCs) nationwide.

Here's a breakdown of what this means:

• The Central Bank of Nigeria (CBN) is the country's central bank, responsible for regulating the financial system and managing the country's monetary policy.
• A Bureau De Change (BDC) is a licensed entity that buys and sells foreign currencies, primarily for individuals and businesses.
• The CBN auctioning 250 million naira to BDCs nationwide means that the central bank is providing a large sum of naira to BDCs across the country, which they can then use to buy foreign currencies (such as US dollars, euros, etc.) to meet the demand of individuals and businesses.
• This move is likely aimed at ensuring a stable foreign exchange market, as well as providing a steady supply of foreign currencies to meet the needs of importers, travelers, and other users.

It's worth noting that the CBN has been implementing various measures to stabilize the foreign exchange market in recent times, including the introduction of the Investors and Exporters (I&E) window, which allows for the trading of foreign currencies at market-determined rates.