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Central Bank of Nigeria

Sales of Foreign Currency Proceeds of International Money Transfer to Bureau De Change Operators

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Author
Central Bank of Nigeria
Year
2016
Pages
2 pages

This circular directs authorised dealers acting for approved international money transfer operators to sell foreign currency proceeds from inward remittances to licensed bureaux de change operators. It requires compliance with anti-money laundering and KYC principles, including use of BVNs, and mandates daily and monthly operational…

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