‘Sellers of Forex Above $10,000 Must Declare Source to BDC’ – CBN
The Central Bank of Nigeria (CBN) has mandated that vendors providing foreign exchange (FX) amounts of $10,000 and beyond to Bureau De Change (BDC) operators must disclose the source of the forex. The apex bank made this known on Friday in a document titled ‘Revised Regulatory and Supervisory Guidelines for Bureau De Change Operations in […]
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