Showing posts with label Central Nigeria of Nigeria (CBN) made the BVN a criteria for sale and purchase of foreign exchange by bank. Show all posts
Showing posts with label Central Nigeria of Nigeria (CBN) made the BVN a criteria for sale and purchase of foreign exchange by bank. Show all posts

Thursday, 5 November 2015

Naira drops, as BVN paralyses forex market

LAGOS — Activities at the retail segment of the official foreign exchange market were grounded, yesterday, as end users avoided bureaux de change (BDCs), to avoid submitting their Biometric Verification Number (BVN) for foreign exchange transactions.