CBN Grants Licensed BDCs FX Access with $150,000 Cap
By Ayomide Otitoju The Central Bank of Nigeria (CBN) has authorised licensed Bureau De Change (BDC) operators to participate in the Nigerian Foreign Exchange Market (NFEM) to boost foreign exchange liquidity in the retail segment and meet legitimate end-user demand. A circular signed by Musa Nakorji, Director of the Trade and Exchange Department, permits all…