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Updated: CBN suspends FX sales to BDCs till further notice

…to revert to 9% interest rate March 2021 for N100bn health intervention fund

The Central Bank of Nigeria (CBN) has suspended foreign exchange sales to Bureau De Change (BDC) operators until further notice. The CBN said this in a March 25, 2020 letter to the president of Association of Bureau De Change Operators of Nigeria (ABCON). The BDCs had in a letter dated March 24, 2020 recommended that…

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