The Central Bank of Nigeria (CBN) on Friday, announced that it has granted Bureaux de Change (BDCs) temporary permission to purchase up to $25,000 weekly in foreign exchange from the Nigerian Foreign Exchange Market (NFEM). In a circular posted on its website, the apex bank said that this move was designed to meet seasonal retail...

The post Seasonal Forex Demand: CBN Allows BDCs To Purchase $25,000 Weekly appeared first on New Telegraph.