The Central Bank of Nigeria on Monday
stopped the sale of foreign exchange to all the 2,786 licensed Bureau De
Change Operators across the country.
The ban was announced by the CBN
Governor, Mr. Godwin Emefiele, at a special media briefing held at the
bank’s headquarters in Abuja just as the naira traded at 285 against the dollar at the parallel market on Monday from 278 on Friday.
He said with the decision, the CBN would
no longer provide foreign exchange to the BDCs, adding that henceforth,
all BDC operators must source for foreign exchange from autonomous
sources.
The governor said any BDC operator that
was not satisfied with the central bank’s decision should return their
operational licence to the CBN and ask for the refund of their N35m
deposit.
