Nigeria: CBN - New BDC Guidelines Not Against Any Ethnic Group

18 July 2014

The Central Bank of Nigeria (CBN) has explained that the new policy to regulate the Bureau de Change (BDC) in the country is not deliberately targeted at the business interests of any section of the country.

Instead, the CBN Governor, Mr. Godwin Emefiele, said the policy was directed at conserving the nation's foreign reserves and strengthening its economy, just as he appealed to the House of Representatives to support the policy.

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