Tag: Association of Bureau De Change Operators

ABCON warns FG on France’s involvement in ECO currency , CBN goes hard on BDC operators, issues various fines

BDC operators reveal the major challenge with resumed sales of forex by CBN

by Chike Olisah

September 3, 2020

The BDC operators said that the profit margin would not be enough to cover their expenses.

COVID-19 could save naira from depreciating further, Many odds against the naira, Naira forwards and parallel market crash puts pressure on official exchange rate, Naira appreciates to N386.94 to $1 at investor and exporters window. , Naira set for recovery as ABCON issues guideline to members for forex sales resumption, Naira falls against the Euro, British pound sterling but gains against the U.S dollar, Naira falls at black market, dollar liquidity remains relatively low , Forex, Naira drops further at the black market despite appreciating at I&E window

Naira recovers sharply at black market but falls at I&E forex window

by Chike Olisah

June 25, 2020

Forex turnover at the Investor and Exporters (I&E) window on Wednesday, June 24, 2020, stayed relatively flat when compared to the day before. This ...

Tag: Association of Bureau De Change Operators

BDC operators reveal the major challenge with resumed sales of forex by CBN

Naira recovers sharply at black market but falls at I&E forex window

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Recent News

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