Thursday, July 9, 2026

NAFEM (Nigeria Autonomous Foreign Exchange Market).

July 18, 2024

CBN mandates BDCs to cap forex profit at 1.5%

“All BDCs are permitted to sell to eligible end-users at a profit margin not exceeding one point five per cent (1.5 per cent) above the CBN purchase rate,” the bank clarified.

Central Bank of Nigeria, CBN