ABUJA (CU)_ Following the July 2021 Monetary Policy Committee (MPC) meeting last week, the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said the apex bank has decided to entirely cease forex sales to Bureau De Change (BDC) operators and channel the funds through commercial banks in the country. The move was on account of the requirement to funnel $20,000 each for 5,500 BDCs each week, which has proven to be unsustainable. The decision attracted mixed reviews, with some expected claiming that it may depreciate the naira value against the dollar.
Nevertheless, manufacturers in the West African nation expressed…
