Monday, Sep 27, 21

Here’s why CBN is banning forex sales to BDCs in Nigeria

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Here’s why CBN is banning forex sales to BDCs in Nigeria

Nigeria’s Central Bank (CBN) has stopped the sale of foreign exchange (FX) to Bureau De Change (BDC) operators in the country. The registration of new players has also been halted, with immediate effect. Governor Godwin Emefiele made the announcement at the end of the monetary policy committee (MPC) meeting in Abuja on Tuesday. As with
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