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CBN Mandates BDCs to Sell Unutilised FX within 24hrs

CBN Mandates BDCs to Sell Unutilised FX within 24hrs

The Central Bank of Nigeria, CBN, has directed Bureau De Changes, BDCs, to sell unutilised foreign exchange (FX) balances to the Nigerian Foreign Exchange, NFEM, market within twenty-four hours. BDCs found non-compliant will face regulatory sanctions.