CBN Approves Weekly FX Purchases Of $25,000 For BDCs During Festive Season

The Central Bank of Nigeria (CBN) grants Bureau de Change (BDC) operators temporary permission to purchase up to $25,000 in foreign exchange (FX) weekly from the Nigerian Foreign Exchange Market (NFEM). This policy addresses increased seasonal demand for FX during the holiday period and remains in effect from December 19, 2024, to January 30, 2025. … Continue reading CBN Approves Weekly FX Purchases Of $25,000 For BDCs During Festive Season