Exchange Rate

Posted on January 16, 2017 by Chacha Wabara

Stakeholders’ Reaction As BDCs Launch ‘Official’ Parallel Forex Exchange Rates

The Association of Bureau De Change Operators of Nigeria (ABCON) has launched a Uniform Weekly Exchange Rate for Licensed Bureaux De Change portal with operations expected to take off today. According to the Association’s President, Alhaji Aminu Gwadabe, who launched the portal at the maiden Business Editors of Print, Electronic Media and Wire Services, in Read More

Posted on December 20, 2016 by Nairametrics

Adeosun Says CBN Will “Eliminate” Black Market “Soon”

Reuters is reporting that the CBN has said that it will eliminate the black market. As usual, they did not explain how and when this will happen. Here is an excerpt of the article; Nigeria’s central bank will try to eliminate the currency black market, where the naira trades about 40 percent below the official Read More

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