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3232Nigerian Central Bank Stops Forex Sales to Bureaus de Change — Operators Accused of Feeding Black Market
https://www.digit.info/nigerian-central-bank-stops-forex-sales-to-bureaus-de-change-operators-accused-of-feeding-black-market/
Wed, 28 Jul 2021 08:30:35 +0000https://www.digit.info/2021/07/28/nigerian-central-bank-stops-forex-sales-to-bureaus-de-change-operators-accused-of-feeding-black-market/Read more]]>The Central Bank of Nigeria (CBN) recently announced the abrupt end to sales and outsourcing of foreign exchange to Bureau de Change (BDC) operators after accusing them of failing to stick to their core mandate. Instead of providing forex to retail users, BDCs are believed to be supplying the scarce resource to so-called “illegal” dealers. […]
The Central Bank of Nigeria (CBN) recently announced the abrupt end to sales and outsourcing of foreign exchange to Bureau de Change (BDC) operators after accusing them of failing to stick to their core mandate. Instead of providing forex to retail users, BDCs are believed to be supplying the scarce resource to so-called “illegal” dealers. […]