CBN Introduces New Foreign Exchange Rules For BDC Operators

The Central Bank of Nigeria (CBN) has issued new rules that restrict how Bureau de Change (BDC) operators can buy and sell foreign currency. Under the new guidelines, BDCs are only allowed to purchase dollars from one authorized dealer per week, and the maximum amount they can buy is $25,000. This means that a BDC … Continue reading CBN Introduces New Foreign Exchange Rules For BDC Operators