CBN imposes $25,000 weekly cap on FX for BDCs

The Central Bank of Nigeria (CBN) has imposed a $25,000 weekly limit on foreign exchange purchases by Bureau de Change (BDC) operators, a measure aimed at tightening control over the retail forex market. Under the directive, issued in a circular signed by Dr. W. J. Kanya, Acting Director of the Trade & Exchange Department, [...]The post CBN imposes $25,000 weekly cap on FX for BDCs appeared first on The Guardian Nigeria News - Nigeria and World News.

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