CBN extends $25,000 weekly forex purchase window for BDCs until May 30, 2025
The Central Bank of Nigeria (CBN) has extended the deadline for Bureau de Change (BDC) operators to access the Nigerian ...
Tag: BDC operators
CBN waives 2025 licence renewal fee for existing BDC operators
The Central Bank of Nigeria (CBN) has approved the 2025 licence renewal fee waiver for the Bureau De Change (BDC) ...
Forex crisis: “You can only operate between 8am and 6pm” – ABCON to BDC operators
The Association of Bureau De Change Operators of Nigeria (ABCON) has directed its members to strictly operate within the business ...
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 ...
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) ...
