Bureau De Change Bans

FinTech

Why the Central Bank of Nigeria is Cracking Down on Forex Sales

Luis Monzon - July 29, 2021

The Central Bank of Nigeria (CBN) has banned the sales of foreign exchange (FX/Forex) to Bureau De Change (BDC) operators in Nigeria. The registration of new BDC operators has also been halted with immediate effect. Godwin Emefiele, CBN's governor, made...

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