Regulatory Alerts2015-01-23 | TED/FEM/FPC/GEN/01/003Added · Updated
Review of Weekly Foreign Exchange Cash Sales to Bureau De Change (BDC) Operators
The Central Bank of Nigeria has increased the weekly foreign exchange cash sales to Bureau De Change (BDC) Operators from $15,000.00 to $30,000.00 per BDC, effective from the auction on January 28, 2015. BDCs are expected to sell to the public at a rate not exceeding 3.5% above the CBN selling rate. All BDCs must ensure their designated accounts are funded with the equivalent Naira proceeds no later than 48 hours before the bidding date.
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