In panic, forex speculators prepare to dump dollars
For most speculators who bought forex at less than N400/$1, they are pondering whether to sell
Tag: Bureau de Change
News and analysis about Bureau de Change
CBN announces resumption of sales of forex to BDC
The CBN has directed the resumption of forex to BDCs.
External reserves decline by over 8%, despite lower FX demand
Nigeria’s external reserves have continued to decline unabated as it shed $3.33 billion within the last 3 months.
Forex: Parallel market records lowest value since 2017
Naira has depreciated to its weakest level since February 2017 at the parallel market, which is also known as the ...
Naira depreciates to N410 per dollar as local currency weakens
Naira depreciates to N410 per dollar as local currency weakens
Nigeria’s External Reserves drop by $2.9 billion, hit 10-month low
Nigeria’s external reserves depleted by $2.9 billion between August and September. This is reflected in the data obtained from CBN website.
Why CBN okays new trading margin for BDC operators
The Central Bank of Nigeria (CBN) has approved an upward review of the trading margin for operators of Bureau De ...
Muslim pilgrims moved the Naira Exchange rate, as demand resurfaces
Increased demand for dollars from Muslim pilgrims travelling and individuals paying for school fees abroad has led to a fall ...
![[The Nigerian Economy Daily] FG has approved the closure of five foreign missions and embassies](https://nairametrics.com/wp-content/uploads/2017/05/nigerian-economy-today-1.jpg?w=350&h=250&crop=1)
All the major economic news from Nigeria in 5 minutes-21/8/2017
Summary of the top business, economic and political news in Nigeria today. The Federal Government is considering a bouquet of ...
All the major economic news from Nigeria in 5 minutes – 12/6/2017
Summary of the top business, economic and political news in Nigeria today Acting president, Yemi Osinbajo has signed the ...
