2007-10-19 | TED-FEM-FPC-GEN-126-07

Mode of Cash Disbursement and Dress Code for the Representatives of Bureaux De Change Operators.

This letter from the Central Bank of Nigeria introduces new guidelines for Bureau De Change (BDC) operators, effective October 29, 2007. Key changes include lodging cheques or drafts a day prior to trading sessions with CBN during specified hours on Mondays and Wednesdays. Additionally, all BDC representatives must dress in corporate suits or national attire when visiting the premises and carry identification cards. Any violators will be denied entry by security operatives.

Nigeria

Central Bank of Nigeria

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