Nigeria: CBN suspends 19 banks from forex sale to BDCS

15 October 2016, Abuja — The Central Bank of Nigeria (CBN) has suspended all the banks, with the exception of First Bank, from selling dollar proceeds of International Money Transfer Services, IMTS, to Bureaux De Change, BDCs. Two months ago, the CBN had directed banks to sell proceeds of their international money transfer services to […] More »