Nigeria: CBN Pegs Weekly Dollar Purchases By BDCS to $150,000

CBN approves weekly sale of $150,000 to BDCs

The Central Bank of Nigeria (CBN) says it has approved the participation of licensed Bureau De Change (BDC) operators in the Nigerian Foreign Exchange Market (NFEM).

Nigeria: CBN Pegs Weekly Dollar Purchases By BDCS to $150,000

The Central Bank of Nigeria (CBN) has introduced a new foreign exchange policy permitting licensed Bureau De Change (BDC) operators to purchase United States dollars directly from the Nigerian Foreign Exchange Market (NFEM), setting a weekly purchase limit of $150,000 per operator.

CBN Re-integrates BDCs into Official FX Market with $150k Weekly Cap - Tech

In a major tactical shift to stabilize the Naira, the Central Bank of Nigeria (CBN) has approved a new framework that reconnects licensed Bureau De Change (BDC) operators to the official Nigerian Foreign Exchange Market (NFEM). Effective immediately, each licensed BDC is now permitted to purchase up to $150,000 per week through authorized dealer banks. This move aims to decentralize dollar access and drain the demand currently fueling the parall…

CBN Approves BDCs in Forex Market with $150,000 Weekly Cap

Central Bank of Nigeria Integrates Licensed Bureaux de Change into Official Forex Market The Central Bank of Nigeria (CBN) has […]Read more at Media Talk Africa

CBN Greenlights Weekly Forex Sales to BDCs

The Central Bank of Nigeria, CBN, has approved the participation of licensed Bureau De Change (BDC) operators in the Nigerian Foreign Exchange Market (NFEM) as... #business, #cbn, #fx, #bdcs, #flyingeze

CBN Opens Official FX Market to BDCs, Caps Weekly Purchases at $150,000 - TV360 Nigeria

New directive targets improved retail forex access, tighter compliance, and stronger market transparency……. The Central Bank of Nigeria (CBN) has authorised licensed Bureau De Change (BDC) operators to participate directly in the Nigerian Foreign Exchange Market (NFEM), in a move aimed at boosting foreign exchange liquidity in the retail segment and meeting the legitimate needs of end users. Under the new policy, the apex bank approved a weekly …