BDCs sell dollars at 22% margin putting pressure on Travellex

BDCs sell dollars at 22% margin putting pressure on Travellex

Bureau De Change (BDC) operators are openly disobeying the directive of the Central Bank of Nigeria (CBN) to sell dollars at not more than two percent (2%) margin above the buying price from Travellex. BusinessDAY can disclose that BDCs are actually fleecing Nigerians by selling at an average margin of about 22%. The CBN had…

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