JUST IN: CBN Stops Selling FOREX to Bureaux De Change Operators

Date: 27-07-2021 4:37 pm (1 month ago) | Author: kacy lee
- at 27-07-2021 04:37 PM (1 month ago)
Online (f)

The Central Bank of Nigeria (CBN) on Tuesday stopped sale of foreign exchange to bureaux de change.
.
.
The apex bank also accused international bodies operating in Nigeria of sabotage. The CBN governor, Godwin Emefiele, who spoke shortly after the Monetary Policy Committee (MPC) meeting, accused BDCs of deliberate economic sabotage and misusing the weekly $20,000 allocation to them.
.
.
He also said CBN will no longer renew licences of BDCs. Emefiele also accused international agencies and embassies operating in Nigeria of illegally patronising BDCs.
.
.
According to him, international development finance institutions, embassies and others are supposed to patronise the importer and exporter window, where there is transparency. Henceforth, previous allocation of foreign exchange to BDCs will now be given to banks to sell to customers.


Posted: at 27-07-2021 04:37 PM (1 month ago) | Addicted Hero

fire TRENDING GISTS fire

TODAY'S TOP
  1. Deeper Life General Overseer, Pa Kumuyi Arrives Abuja For Crusade In Luxurious Limousine

  2. Jane Mena Responds After Tonto Dikeh Revealed Kpokpogri Has Her S3x Tapes

  3. Shutting Down Southeast for a Year Will Not Expedite Nnamdi Kanu's Release -Ohanaeze Tells IPOB

  4. Rapper Moneybagg Yo Shows Off Luxury Cars And Money to Mark Birthday

  5. Gay Fight! "You're A Local Champion" Gay Activist, Bisi Alimi Comes For Cross Dresser Bobrisky

  6. Corps Member Crushed To Death By A Truck In Edo State

  7. FG Hired Foreigners to Stage Anti-self Determination Protest in US – Prof. Akintoye


THIS WEEK
  1. Wife of Anambra Chief Priest Exposes Popular Pastors Who Come to Their Shrine to Get Power

  2. Tuface Idibia’s Babymama, Pero Sends Message Hours After 2face Idibia Reconciled With Annie

  3. She Has A Heavy Backside - Reactions As Singer Tems Unfolds Her Curves While Performing in NY

  4. SAD: Billionaire Igbo Muslim, Chief Abdulazeez Chibuzor Ude Reportedly Dead

  5. Drama As Man Walks Away With Another Lady After His Girlfriend Proposed To Him (Video)

  6. Gunmen Kill Three Policemen, Set Patrol Van Ablaze In Fresh Anambra Attack

  7. Suspected Leader Of IPOB, Obinwanne Iwu Beaten To Death By Angry Mob In Imo

  8. Another Davido Associate Dies, His Personal Photographer Fortune Is Dead

  9. Actress, Rita Edochie Slaps Colleague, Chief Imo 'Cos Of Ice Cream At Public Event (Video)

  10. 22-Year-Old Nigerian Soldier, Amos Soborosu Killed After Motivating Pupils In North-East (Vid)


TOP MEMBERS: