Banks weekly FX sales to BDCs increase to $50,000

Banks weekly FX sales to BDCs increase to $50,000

Central Bank of Nigeria (CBN) and banks agreed on Tuesday to increase the amount of weekly dollar sales from banks to the Bureau De Change (BDC) operators from $30,000 to $50,000, in a new measure to spur liquidity and help the local currency. The CBN had last month directed agent banks of approved International Money…

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