New CBN guidelines allow BDC to buy forex directly from Authorized Dealers
The Central Bank of Nigeria (CBN) has revised its guidelines, permitting licensed Bureaux de Change (BDCs) to purchase foreign exchange ...
Tag: BDC
BDC operator denies transacting directly with ex-governor Obiano in N4 billion ‘fraud’ case
A Bureau De Change (BDC) operator, Ayuba Tanko, has denied transacting directly with the former Governor of Anambra State, Willie ...
Nigeria’s exchange rate closes at N1,603.80/$1 as naira hits worst level in four months
The naira has suffered further depreciation on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window, closing at N1,603.80/$1 on Thursday, ...
CBN warns banks, FX dealers against rejecting old, lower dollar bill denominations in Nigeria
The Central Bank of Nigeria (CBN) has issued a stern warning to Deposit Money Banks (DMBs) and authorized forex dealers, ...
Naira holds N1500/$ line amid EFCC clampdown on street trading
The naira held its ground on the unofficial market, appreciating against the dollar on the parallel market as the dollar ...
Naira loses key support despite U.S dollar index at monthly low
The Naira continued its decline across the country's unofficial FX market, depreciating to a new low of 1,540 per dollar ...
Naira trades at April low as U.S dollar near six month high
The Nigerian naira traded near its April low, while the dollar index approached a six-month high as the anticipation of ...
Naira continues its rebound against the dollar at parallel market, now below N1,300/$
The naira has continued its recovery against the US dollar at the parallel market as it appreciated to N1280/$1 on ...
Market forces to blame as Naira loses more than a third of its value in 2 weeks
The naira recorded significant depreciation against the haven currency in a matter of few weeks despite the recent decline in ...
Experts predict higher inflation rate for March 2024
The level of inflation in the country for the month of March 2024 and experts interviewed by Nairametrics have predicted ...
