CBN restricts BDCs to one dealer bank per week for $25,000 FX purchase

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CBN restricts BDCs to one dealer bank per week for $25,000 FX purchase

The Central Bank of Nigeria (CBN) has introduced new regulations allowing Bureau de Change (BDC) operators to purchase up to $25,000 weekly from a single Authorised Dealer Bank (ADB) to cater to retail forex demand for eligible invisible transactions. The directive, outlined in a circular from the Trade and Exchange Department and signed by Dr. […]

CBN restricts BDCs to one dealer bank per week for $25,000 FX purchase
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