CBN Directs BDCs to Sell Unutilized FX to NFEM

Nigeria's Central Bank (CBN) has issued a directive requiring Bureau De Change (BDCs) to sell any unutilized foreign exchange to the Nigerian Foreign Exchange Market (NFEM).

16 Jul, 16:06 — 16 Jul, 16:06

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vanguard-ngMixed41d ago

CBN directs BDCs to sell unutilized FX to NFEM

The apex bank disclosed this in its regulatory guidance on purchase of FX by BDCs through authorized dealer banks in NFEM. The post CBN directs BDCs to sell unutilized FX to NFEM appeared first on Vanguard News.

By Akinbayo Wahab

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CBN Directs BDCs to Sell Unutilized FX to NFEM

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CBN directs BDCs to sell unutilized FX to NFEM

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