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Tag Archives: Central Bank of Nigeria (CBN)

CBN suspends other banks, approves only First Bank for Forex sale to BDCs

The Central Bank of Nigeria (CBN) has suspended commercial banks in Nigeria except First Bank from selling foreign exchange directly to Bureaux De Change operators following their failure to comply with the July 22, 2016, directive to sell inflows from International Money Transfer Operators (IMTO) to BDC. The CBN Wednesday …

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