Regulatory Alerts2020-08-27 | TED/FEM/FPC/GEN/01/006Resumption Of Sales To BDCs
The Central Bank of Nigeria announces the gradual resumption of foreign exchange sales to licensed Bureau De Change operators from September 7, 2020, to improve forex accessibility, especially for travelers, as international flights resume in Abuja and Lagos. BDCs are to purchase forex on Mondays and Wednesdays, funding their accounts with equivalent Naira proceeds on Fridays and Tuesdays. Authorized dealers will continue selling foreign currencies for travel-related transactions to customers and non-customers over the counter upon presentation of relevant travel documents.
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