BDC operators urge the CBN to reconsider forex ban
The Association of Bureaux De Change Operators of Nigeria (ABCON), has urged the CBN to reconsider the ban to allow ...
Tag: BDC
BDC ban working as Forex demand migrates to Deposit money banks – CBN
Deposit money banks have witnessed an increase in foreign exchange demand due to the central bank’s ban of forex sale ...
CBN Governor gives condition to allocate forex for demands that exceed approved limits
The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele has said that the apex bank will consider ...
CBN-BDC debacle: Why CBN should resume funding BDCs
The divorce between the Central Bank of Nigeria and the Bureau De Change has created a vacuum in the heart ...
Stoppage of sales of forex to BDCs – another courageous policy by the CBN
The latest decision of the Central Bank of Nigeria (CBN) to stop the sale of FOREX to Bureau De Change ...
We have dollars – Nigerian banks tell customers
Deposit money banks in the country have moved to implement the directive from the Central Bank of Nigeria (CBN) to ...
Naira reverses gain at black market as CBN moves to increase forex allocation to BDCs
The CBN has moved to increase forex allocation to BDCs and sustain the funding for about 5,000 members of the ...
CBN intervenes in FOREX market with $5.62 billion in Q4 2020, up by 28.7%
The CBN intervened in the foreign exchange market with sales FOREX to dealers valued at $5.62 billion in Q4 2020.
BDC operators declare war against forex speculators, black market dealers
BDC operators have declared operational war against foreign exchange speculators and black market dealers distorting the naira exchange rate.
