ABUJA (CU)_Late last month, the Central Bank of Nigeria (CBN) decided to entirely cease forex sales to Bureau De Change (BDCs) operators and to channel the funds through the commercial banks in the country. This was mainly due to the fact that the CBN had been funnelling $5.7 billion (about N2.346 trillion) annually through BDCs, which had become unsustainable. Accordingly, the central bank requested all commercial bank branches will set up a separate desk to meet the legitimate forex demands of customers.
Against such a background, speculations have arisen among…
