Forex crisis: BDCs ask CBN to increase its minimum capital to N350 million
The Association of Bureau De Change Operators of Nigeria (ABCON) has asked the Central Bank of Nigeria (CBN) to increase ...
Tag: Bureau De Change (BDC)
BDCs blame lack of anchor price, disorganized market for naira to dollar exchange rate crash
It was the first day of the week and Abu was on the 3rd mainland when a customer called him ...
Why is the Naira falling? 
The Nigerian economy is facing a massive foreign exchange crisis and the rate of depreciation of the naira has sparked ...
The exchange rate would return to N423/$1- Bankers Committee
The Bankers Committee has assured Nigerians that the exchange rate will drop to around N423 to a dollar. The Committee ...
CBN moves against forex speculation, releases $200 million to banks
The Central Bank of Nigeria (CBN) on Tuesday allocated a total of $200 million to all commercial banks in the ...
CBN will only supply forex to banks
Nigeria's central bank governor, Godwin Emefiele has informed the public that the central bank would discontinue the sale of dollars ...
CBN stops issuance of new licenses to BDCs
The Central Bank of Nigeria (CBN) has said it will henceforth stop the licensing of new Bureau De Change (BDC) ...
CBN blows hot, bans sale of forex to BDCs
The Central Bank of Nigeria has hit at the Bureau De Change (BDC) for illegal forex trading and will henceforth ...
Leaked memo: CBN instructs banks to block bank account of 38 companies for “forex abuse”
The CBN did not state why the accounts were flagged but sources inform Nairametrics that it is due to suspicion ...
Exchange rate sustains gain at NAFEX window as CBN orders BDCs to sell at N386/$1
The sales of forex to BDCs will inject more liquidity to the retail end of the foreign exchange market.
