BREAKING: CBN suspends sale of FX to BDCs.


The Central Bank of Nigeria (CBN) says it has ended forex sales to Bureau De Change (BDC) operators in the country.

This was made public by Godwin Emefiele, governor of the apex bank, announced this at the end of the Monetray Policy Committee in Abuja on Tuesday.

According to Emefiele, BDC operators have become an access for illegal financial flows working with corrupt people to conduct illicit flows and money laundering in Nigeria.

More to follow…

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