Tag: BDCs
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Naira Slips to $505 Hours After CBN Bans Sales of Forex To BDCs
The Nigerian naira faintly clear-fell against the US dollar at parallel market on Tuesday, few hours the Central Bank of Nigeria (CBN) announced a nationwide stop of the sales of forex to Bureau De Change operators (BDCs). The apex bank, through its governor said the parallel market had become an epicenter for illicit forex transaction.…