In a bid to address the challenges in Nigeria’s foreign exchange market, the Central Bank of Nigeria (CBN) has unveiled stringent measures targeting transactions related to overseas education and medical expenses. These measures, part of the CBN’s revised regulatory guidelines for Bureau De Change (BDC) operators, aim to curb significant outflows of foreign currency and … Continue reading Central Bank of Nigeria’s proposed guidelines limit BDCs dollar outflow for Education and Medical Expenses to $10k and $5k annually