Official NAFEX Exchange rate closes at N435/$1 in 2021, devalues by 6.03% YoY
The Exchange rate between the naira and the US dollar dropped significantly by 6.03% in the year 2021 to close ...
Tag: Bureau de Change
News and analysis about Bureau de Change
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 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 says no more dollar sales to people who buy weapons
The Central Bank of Nigeria (CBN) has said that it would no longer allocate foreign exchange to currency traders who ...
CBN-BDC Scuffle: BDCs switch to P2P exchange as alternative sources of forex after CBN ban
It’s been almost a month since the Central Bank of Nigeria stopped the sale of forex to Bureau De Change ...
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 ...
CBN to sanction banks, BDCs for rejecting old, smaller denomination of US dollars
The CBN cautioned forex dealers to desist from defacing or stamping dollar banknotes as such notes always failed authentication tests ...
ABCON confirms arrest of some members over money laundering, terrorism financing charges
ABCON has confirmed that some of its members were invited for questioning over some of their transactions.
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.
