Yearly Archives: 2024

Forex regulation: Sellers of forex from $10,000 to declare sources of funds – CBN

In a bid to streamline and stabilize foreign exchange market in the country, the Central Bank of Nigeria (CBN) has rolled out a revised regulatory framework for Bureaux De Change operations, stipulating that sellers of foreign exchange amounting to $10,000 and above, must declare the sources of their forex. The …

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