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Forex Seller Above $10,000 Must Declare Source – CBN

Forex Seller Above $10,000 Must Declare Source – CBN

The Central Bank of Nigeria (CBN) on Saturday directed all foreign exchange sellers who sell to Bureau De Change (BDC) for the equivalent of 10,000 dollars and above to declare their forex sources. The Apex…

CBN orders DMBs to sell FX to customers

CBN orders DMBs to sell FX to customers

  The Central Bank of Nigeria (CBN), has ordered Deposit Money Banks, DMBs to sell foreign exchange (FX) to customers. CBN disclosed this in a letter to all banks reminding them to set up teller…