CBN pegs BDC forex sales at $5,000

CBN pegs BDC forex sales at $5,000

The Central Bank of Nigeria has limited bureau de change operators’ single foreign exchange cash sales to $5,000. According to the apex bank, the policy, outlined in the Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for Fiscal Years 2024/2025, is aimed at regulating cash sales in the foreign exchange market to ensure stability and

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