The Real Implication of CBN’s No-Dollar-For-BDCs Policy

Bureau de Change operators are apprehensive that the decision of the Central Bank of Nigeria (CBN) to cease the sales of forex to Bureau de change (BDCs) will adversely affect them and, by extension the ordinary Nigerian. Already, they say, the dollar appreciated by at least 25 Naira a few hours after the decision was announced. On this episode of Nigeria Daily, we will be assessing the veracity of this claim.