BDCs sell dollars at 22% margin putting pressure on Travellex

by | November 7, 2016 3:00 am

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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