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CBN discontinues sale of forex to Bureau De Change operators

Governor of the Central Bank of Nigeria, Godwin Emefiele has announced the discontinuation of sales of foreign exchange to Bureau De Change operators, stating that BDC operators have turned into agents that facilitate graft and illicit funds flow. He also noted that the unintended outcome from lean forex reserves has placed an enormous challenge on Apex bank’s FX management.

Wed, 28 Jul 2021 12:07:48 GMT
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