• Why we review our decision on BDCs – CBN explains

    Why we review our decision on BDCs – CBN explains

    The Central Bank of Nigeria (CBN) said on Tuesday it decided to review its decision to stop the payment of foreign exchange to Bureau De Change operators to provide a window for Nigerians in the Diaspora to remit money back home to help boost the country’s economy.

    The CBN had halted the official sale of dollars to the BDCs and non-bank operators, opting for commercial banks as a way of curbing abuse and shoring up dwindling foreign reserves.

    But at the end […]