CBN Directs BDCs To Demand BVN Before Dollar Sale

The Central Bank of Nigeria has made it compulsory for Bureau de Change (BDCs) and other eligible forex dealers to sell dollars to only customers with Bank Verification Numbers (BVN).

The apex bank disclosed this on Tuesday through a document titled, ‘Budgetary, Credit, Foreign Trade and Exchange Policy Guidelines for Fiscal Years 2024/2025’, obtained by THE WHISTLER.