Nigeria: Manufacturers Back CBN's Ban of Fx Sale to BDCS

2 August 2021

Members of the Manufacturers Association of Nigeria (MAN) have strongly supported last week's decision by the Central Bank of Nigeria (CBN) to discontinue with the weekly sale of the United States dollars to Bureau De Change (BDC) operators.

This is just as members of the Organised Private Sector (OPS) have advised the Central Bank of Nigeria (CBN) to go beyond its action on the currency dealers and work towards unifying the foreign exchange (FX) windows in the country in order to checkmate round-tripping and other malpractices.

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