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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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The Naira appreciated against the US Dollar in the official foreign exchange market on Wednesday, July 26, 2023. The market reacted positively to news from the Central Bank of Nigeria that it will continue its intervention in the forex market. Speaking with journalists at the end of the 2-day Monetary Policy Committee meeting on Tuesday, […]
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