BDCs speaks on new bank directive on FX purchase, details emerge

  • The CBN has received praise from ABCON for authorising the sale of interbank FX to its members
  • This follows the temporary granting of access to the Nigerian Autonomous Foreign Exchange Market to the BDC operators
  • The development is anticipated to enable them to buy $25,000 every week from NAFEM between December 19 and January 30

Legit.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.

The Association of Bureaux De Change Operators of Nigeria (ABCON) has applauded the Central Bank of Nigeria (CBN) for approving the sale of interbank foreign exchange (FX) to its members.