Dollar to Naira Exchange: CBN issues fresh guidelines for BDCs on FX purchases, announces portal
Why This Matters
The Central Bank of Nigeria's issuance of fresh guidelines for Bureau de Change operators on foreign exchange purchases is a significant development in the country's efforts to regulate the foreign exchange market and mitigate currency fluctuations. This move is likely to impact the availability and pricing of foreign exchange for individuals and businesses, with far-reaching implications for the country's economy. The introduction of a portal for FX purchases is also a key aspect of this development, enhancing transparency and efficiency in the process.
The Central Bank of Nigeria, CBN, has issued fresh guidelines on how licensed Bureau de Change, BDC, operators can purchase foreign exchange. The guidelines, signed by the CBN’s Director of the Trade and Exchange Department, Aderinola Shonekan, were issued in a circular dated July 15, 2026. According to the apex bank, the guidelines provide regulatory […] Dollar to Naira Exchange: CBN issues fresh guidelines for BDCs on FX purchases, announces portal
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