The Central Bank of Nigeria (CBN) has extended its approval for Bureau de Change (BDC) operators to purchase foreign exchange from authorised dealers in a bid to meet retail market demand for eligible invisible transactions.
The new deadline is now set for 30 May, according to a circular issued on Monday by the Trade and Exchange Department of the regulator.
The extension follows an earlier directive, TED/FEM/PUB/FPC/001/030, dated 19 December 2024, which granted temporary access…
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