ABCON states how CBN can stop naira depreciation
Currency traders under the aegis of the Association of Bureau De Change Operators of Nigeria (ABCON) have advocated some measures ...
Tag: forex
Imbalance in demand and supply is the cause of a falling Naira – Ayo Teriba
The mismatch between demand and supply of foreign exchange is a core factor affecting the exchange rate of the Naira. ...
Over 700,000 benefitted N343.2 billion from CBN’s intervention
The Targeted Credit Facility (TCF), a Central Bank of Nigeria initiative, has benefited a total of 726,198 recipients with a ...
To save the naira, CBN should harness the BDCs – Gwadabe
The President, Association of Bureaux de Change Operators of Nigeria, Alhaji Aminu Gwadabe, has said that in order to save ...
Exchange rate depreciates at official window as forex supply drops
Monday, 4th October 2021: The exchange rate between the naira and the US dollar closed at N413.55/$1, at the official ...
Domiciliary account balances in Nigeria estimated at $16 billion
...Why it cannot be converted into Naira by CBN Nigeria has an estimated $16 billion in domiciliary accounts of commercial ...
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 forex policy: BDCs decry job cuts, could lose N300 billion capital
The Central Bank of Nigeria's policy on the discontinuation of sales of forex to Bureau de Change Operators has consequently ...
More banks to join UBA in publishing names of forex defaulters
More banks are expected to publish names and account details of forex defaulters as directed by the Central Bank of ...
MAN decry insufficiency of forex to purchase raw materials for production
Manufacturers are finding it difficult to access the forex necessary to purchase machines, raw materials, others for production. This was ...
