The Central Bank of Nigeria (CBN) has granted eligible Bureau De Change (BDC) operators in the country temporary access to the Nigerian Autonomous Foreign Exchange Market (NAFEM) to purchase $25,000 weekly from December 19.
This decision will enable the BDCs to purchase foreign exchange (FX) from authorised dealers to meet retail market demand.
The Acting Director of Trade and Exchange Department in CBN, T.G. Allu, disclosed this in a circular dated December 19, 2024.
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