$25,000 Limit: CBN to Suspend Erring BDCs, Banks
The Central Bank of Nigeria, CBN, yesterday, said it will suspend the dealership license of any Bureau de Change (BDC) or Authorised Dealer banks that divert funds or violate the provisions of its newly rolled out foreign...
CBN Extends Deadline for BDCs to Buy $25,000 Weekly from Banks
The Central Bank of Nigeria (CBN) has granted eligible bureau de change operators more time to purchase foreign exchange (FX) from the Nigerian Autonomous Foreign Exchange Market (NAFEM).
On December 20 2024 CBN granted BDC...
Yuledite: CBN Permits BDCs to Buy $25,000 Weekly to Meet Demand
The Central Bank of Nigeria (CBN) has granted temporary permission to Bureau de Change operators, to purchase up to $25,000 in foreign exchange weekly from the Nigerian Foreign Exchange Market, which was launched earlier...
CBN Injects Dollars into BDCs at N1,021 per Dollar
The Central Bank of Nigeria (CBN) has announced the sale of $10,000 to each licensed Bureau De Change (BDC) operator nationwide.
This marks the second such intervention this month by the apex bank.
In a circular addressed to...
CBN Set to Sell $10,000 to BDCs at N1,101 per Dollar
The Central Bank of Nigeria has again announced the sales of dollars to Bureau De Change operators.
It disclosed this in a circular uploaded to its website on Monday.
The apex bank said it is set...
