Forex market: BDC operators warn that speculators will resist naira appreciation
Currency traders under the aegis of the Association of Bureau De Change Operators of Nigeria (ABCON) have warned that forex ...
Tag: BDC operators
Naira appreciates marginally against dollar, euro, and pound in November
The Nigerian naira recorded marginal appreciation at both the official and parallel markets by the end of November, according to ...
CBN sells $106.5 million to 29 FX dealer banks, blames demand pressure for naira fall
The Central Bank of Nigeria (CBN) has announced the sale of $106.5 million as foreign exchange (FX) to 29 FX ...
Nigeria was spending $1.5 billion monthly to defend the Naira before Tinubu’s FX reforms – Presidency
The special adviser to the President on Information and Strategy, Bayo Onanuga, said Nigeria was spending a whooping sum of ...
CBN’s committee blames volatility in FX market on seasonal demand for dollar
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has attributed the recent volatility in the foreign ...
BDC blames insufficient forex allocation for Naira depreciation
Amidst severe liquidity shortages and erratic forex supply, a senior ABCON official explained why the naira has been depreciating in ...
BDCs now buying dollars at N980/$, naira appreciating faster than expected – ABCON President confirms
The Association of Bureau De Change Operators of Nigeria (ABCON) said that as of Tuesday, the Bureau De Change (BDC) ...
Nigerian Banks Struggle to meet demand for Personal Travel Allowances amidst Dollar Scarcity
Adebisi, a young Nigerian set to migrate to Canada for good, found himself in a precarious situation when he visited ...
CBN Governor explains why the Naira is stable at Investors & Exporters window
The CBN Governor, Godwin Emefiele, has explained why the Naira has been relatively stable at the Investors and Exporters (I&E) ...
CBN Governor shatters BDC operators’ hope of ban reversal
The Governor of the Central Bank of Nigeria has stated that the only rate he recognises is the I&E window ...
