The Central Bank of Nigeria (CBN) on Friday released fresh guidelines for the sale of foreign exchange by Bureau De Change (BDC) operators in the country.
The development came years after the apex bank banned the sale of forex to BDC operators in a bid to safeguard the value of the naira.
The suspended governor of CBN, Godwin Emefiele, who announced the ban at a media briefing on July 27, 2021, in Abuja, lamented that the BDC operators had abandoned the original objective of their establishment which was to serve retail end users who need $5,000 or less.
