Regulatory Alerts2025-02-03 | CBN/MPC/COM/156/299Added · Updated
Central Bank of Nigeria Communique No.156 of 299th Meeting of Monetary Policy Committee held on Thursday,20 February 2025
The Trade and Exchange Department has extended the expiration date for BDCs to purchase FX from Authorized Dealers, with a weekly cap of USD 25,000.00, from January 31, 2025, to May 30, 2025. The CBN remains dedicated to a well-functioning foreign exchange market and will continue to provide liquidity to manage price volatility. All other terms and conditions from the previous circular remain unchanged.
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