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CBN Limits Dollar Purchase From BDCs: $10000 For School Fees, $5000 For Medicals - Vimarsana News

CBN Limits Dollar Purchase From BDCs: $10000 For School Fees, $5000 For Medicals

The Central Bank of Nigeria (CBN) has placed limits on the foreign exchange (FX) sales by Bureau De Change (BDC) operators. The apex disclosed the directive on February 23, 2024, in a document titl

Naira vs USD: CBN to ban street trading, mulls fresh guidelines for BDCs - Vimarsana News

Naira vs USD: CBN to ban street trading, mulls fresh guidelines for BDCs

Amid the continued fluctuation of the Naira against the US dollar in the foreign exchange market, the Central Bank of Nigeria says it is considering

CBN to increase BDC minimum share capital to N2bn - Vimarsana News

CBN to increase BDC minimum share capital to N2bn

The Central Bank of Nigeria (CBN) has directed for an increase in the share capital of Bureau De Change (BDC) operators

CBN revokes 179 microfinance banks, others' licences - TheCitizen - Vimarsana News

CBN revokes 179 microfinance banks, others' licences - TheCitizen

The Central Bank of Nigeria has revoked the licences of 179 microfinance banks in the country, as well as four

CBN bans microfinance banks from forex dealings - Vimarsana News

CBN bans microfinance banks from forex dealings

THE Central Bank of Nigeria (CBN) has warned microfinance banks from further dealing in foreign exchange transactions.  In a circular dated August 19,