CBN TO RETURN N35M TO BDC OPERATORS.

 The Central Bank of Nigeria on Friday said it would refund the N35m paid by licensed Bureau De Change operators across the country as mandatory caution deposit.

The move followed last week’s ban of direct sale of foreign exchange to BDCs operators by the CBN.

The apex bank confirmed this refund in a circular signed by the Director, Financial Policy and Regulation Department, Mr Kevin Amugo with reference FPRD/DIR/GEN/CIR/01/004 dated January 22.