The Nigerian Business Weekly

The Nigerian Business Weekly

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The Nigerian Business Weekly
The Nigerian Business Weekly
CBN Sets a Weekly FX Cap for BDCs and Strictly Enforces Compliance

CBN Sets a Weekly FX Cap for BDCs and Strictly Enforces Compliance

Sunday 9th February 2025

David Bristol-Alagbariya's avatar
David Bristol-Alagbariya
Feb 09, 2025
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The Nigerian Business Weekly
The Nigerian Business Weekly
CBN Sets a Weekly FX Cap for BDCs and Strictly Enforces Compliance
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I hope you are having an amazing Sunday! Welcome back to the ONLY newsletter that gives readers a weekly recap of the major events in the Nigerian Business World.

Bureau de Change operators are now subject to new foreign exchange restrictions set by the Central Bank of Nigeria, which cap weekly purchases from authorised dealer banks at $25,000.

The Trade …

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