Exchange rate at risk of crossing N600/$1
Naira stands the risk of further depreciation, following dividends declared by major corporations in the local equities market to their ...
Tag: BDCs
News and analysis about BDCs
CBN must resume sale of dollar to BDCs to reduce FX pressure – Agusto
One way to reduce the pressure in the foreign exchange market is for the Central Bank of Nigeria (CBN) to ...
To save the naira, CBN should harness the BDCs – Gwadabe
The President, Association of Bureaux de Change Operators of Nigeria, Alhaji Aminu Gwadabe, has said that in order to save ...
MAN applauds CBN’s decision to withdraw forex from BDCs
The Manufacturers Association of Nigeria (MAN) has hailed the decision of the Central Bank of Nigeria to suspend the supply ...
CBN forex policy: BDCs decry job cuts, could lose N300 billion capital
The Central Bank of Nigeria's policy on the discontinuation of sales of forex to Bureau de Change Operators has consequently ...
Banks’ complex documentation makes it harder to access foreign exchange – Report
The complex documentation process required by banks will make it harder for Nigerians to access foreign exchange. This is according ...
Naira gains at forex markets as dollar supply rises by 108.5% with drop in demand
Friday, 30th July 2021: The exchange rate between the naira and the US dollar closed lower at N411.44/$1 at the official Investors ...
Why Nigerians planning vacation in Ghana, UK will spend more on flights this year
Nigerians planning vacations this summer will be faced with high airfares, as the prices of flight tickets have surged, compared ...
Forex speculators to lose N100 billion as CBN sustains massive funding for BDCs
Foreign exchange speculators are set to lose over N100 billion in the next one month as the CBN sustains massive funding ...
CBN freezes 194 bank accounts of Bureaux De Change firm, others
This was disclosed by the apex bank, as it published the three court orders on its website.
