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News and analysis about BDCs

Naira strengthens at forex market despite significant drop in dollar supply, Exchange rate gains at the black market as FX Turnover rises over 1000%.

Exchange rate maintains stability as BDCs expect another dollar supply from CBN

by Chike Olisah

October 8, 2020

The Naira remained stable against the dollar to close at N458/$1 on Wednesday.

COVID-19 could save naira from depreciating further, Many odds against the naira, Naira forwards and parallel market crash puts pressure on official exchange rate, Naira appreciates to N386.94 to $1 at investor and exporters window. , Naira set for recovery as ABCON issues guideline to members for forex sales resumption, Naira falls against the Euro, British pound sterling but gains against the U.S dollar, Naira falls at black market, dollar liquidity remains relatively low , Forex, Naira drops further at the black market despite appreciating at I&E window

Naira falls at the official market as government reveals plans to unify the exchange rates

by Chike Olisah

There has been growing pressure for the CBN to unify the exchange rate markets.

Foreign exchange market, Nigeria’s fixed income & money market update ending 13th March, 2020, Why the s, CBNtrong dollar is giving Nigeria headache, Nigerian banks broadly positive after Naira devaluation, Exchange rate sustains gain at NAFEX window as CBN orders BDCs to sell at N386/$1

Exchange Rate: CBN suspends sale of FX to BDCs

by CSL Stockbrokers

The Central Bank of Nigeria, in a note issued to Bureau De Change operators (BDCs) in the country, suspended the ...

How to detect fake dollar bills - ABCON

How to detect fake dollar bills – ABCON

by Damilare Famuyiwa

February 25, 2019

Dr. Aminu Gwadabe, the President of the Association of Bureaux De Change Operators of Nigeria (ABCON), has raised alarm over the ...

Forex dealers are working on a proposal that could usher in another devaluation

BDCs want further ‘revaluation’ of the Naira as their profits are now down

by Chacha Wabara

National interest or personal gains?

Forex dealers are working on a proposal that could usher in another devaluation

As CBN continues “pumping” dollars, no of BDC’s in the country rises to 3,239

by Chacha Wabara

Not too surprising

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