Nigeria: CBN directs banks to sell Forex to BDCS

24 July 2016, Lagos — The Central Bank of Nigeria (CBN) has directed agent banks to approved international money transfer operators to sell foreign currency accruing from inward money remittances to licenced Bureau De Change operators (BDCs). The directive is in a circular with reference number, “TED/FEM/ FPC/GEN/01/004, dated July 22, 2016, and posted on […] More »