News & Events

AUG 2021 NEWS OLUWATAMILORE OLUWALAIYE, FUNMILAYO OTSEMOBOR AND TEMITOPE SOWUNMI

Following the conclusion of the monetary policy committee meeting held on 27 July 2021, the Governor of the Central Bank of Nigeria (the “CBN”)  Godwin Emefiele announced the immediate discontinuance of the sale of foreign currency to bureau de change (BDC) operators as well as the immediate suspension of the issuance of new licences to potential BDC operators.

The CBN also stated that the foreign currency allocation provided to BDCs will now be made available to commercial banks.

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