Browsing Tag
BDC
2 posts
CBN Issues 24-Hour Liquidation Mandate for Unused FX Held by BDCs
The Central Bank of Nigeria has directed Bureau De Change operators to return all unused foreign exchange to the Nigerian Foreign Exchange market within 24 hours or face regulatory sanctions.
Central Bank of Nigeria Mandates BDCs to Return Unused FX to NFEM
The Central Bank of Nigeria has ordered BDCs to return unutilized foreign exchange to the NFEM market within 24 hours of the expiration of the utilization period to improve retail liquidity.