The Central Bank of Nigeria has issued a circular to BDCs informing them that they sold $10,000 t0 each BDC at a rate of N1,251/$1.
CBN is working with IMF to establish a comprehensive framework to address volatility in the foreign exchange market.
It was the first day of the week and Abu was on the 3rd mainland when a customer...
The Nigerian economy is facing a massive foreign exchange crisis and the rate of depreciation of the naira...
The Bankers Committee has assured Nigerians that the exchange rate will drop to around N423 to a dollar....
The Central Bank of Nigeria (CBN) on Tuesday allocated a total of $200 million to all commercial banks...
Nigeria's central bank governor, Godwin Emefiele has informed the public that the central bank would discontinue the sale...
The Central Bank of Nigeria (CBN) has said it will henceforth stop the licensing of new Bureau De...
The Central Bank of Nigeria has hit at the Bureau De Change (BDC) for illegal forex trading and...
The CBN did not state why the accounts were flagged but sources inform Nairametrics that it is due to suspicion of forex infractions.
The sales of forex to BDCs will inject more liquidity to the retail end of the foreign exchange market.
Gwadebe said that the pandemic caused supply disruptions as the price of crude oil went down.
