CBN Places Limits on Forex Purchases from Bureau de Change
The Central Bank of Nigeria (CBN) has placed limits on foreign exchange (FX) purchases from Bureau De Change (BDC) operators. The apex bank made this known in a document titled ‘Revised Regulatory and Supervisory Guidelines for Bureau De Change Operations in Nigeria’, released on February 23, 2024. According to the circular, BDCs may sell foreign […]
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