Dollar closes at n378 as cbn supplies 100m to bdcs

It appears that you're referring to a news article or a financial report. Here's a breakdown of what you've shared:

• The US dollar closed at N378: This means that the exchange rate between the US dollar (USD) and the Nigerian naira (NGN) closed at N378 per dollar. This is likely a reference to the interbank exchange rate, which is the rate at which banks trade currencies with each other.
• CBN supplies 100m to BDCs: This likely refers to the Central Bank of Nigeria (CBN) injecting $100 million into the Bureau De Change (BDC) market. BDCs are authorized dealers that buy and sell foreign currencies, and they play a crucial role in the foreign exchange market in Nigeria.

It's worth noting that the CBN's intervention in the foreign exchange market is aimed at maintaining stability and ensuring that the naira remains competitive. The injection of $100 million into the BDC market is likely intended to boost liquidity and support the exchange rate.

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