Sunday, April 28, 2024
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Tag "Aminu Gwadabe"

BDCs: We’ll close the FX gap if CBN brings us in

    BDCs: We’ll close the FX gap if CBN brings us in

Aminu Gwadabe, president of the Association of Bureau de Change Operators of Nigeria (ABCON), On Wednesday said the BDC will close the gap between parallel and interbank market rates of

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‘Erratic naira’ now trading between 280 and 310

    ‘Erratic naira’ now trading between 280 and 310

The naira took a strange turn on Wednesday, trading at varying prices across different sections of the parallel market, appreciating by the highest leaps in 2016. The “official rate” of

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EFCC to go after BDC beneficiaries of armsgate

    EFCC to go after BDC beneficiaries of armsgate

Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), says Bureau de change operators involved in the ongoing $2.1 billion arms deal probe would not be spared.

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Naira falls to N246 as CBN ‘cuts’ dollar sales

    Naira falls to N246 as CBN ‘cuts’ dollar sales

Nigeria’s local currency, naira, fell to 246 against the dollar on Thursday, as the Central Bank of Nigeria (CBN) cut sales of dollars to some Bureau De Change (BDC) operators

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Naira down to 223 against the dollar

The naira, Nigeria’s official currency, weakened by 1.13 percent against the dollar on the parallel market on Monday, as the

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Naira falls to N218/$1 as stock index rises

  Naira falls to N218/$1 as stock index rises

The naira,fell again on Monday, trading at N218 to the dollar on the parallel market, despite growth in the Nigerian

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Naira firms up as CBN sells $80m

The Nigerian naira on Wednesday firmed up on the parallel market, after the Central Bank of Nigeria (CBN) sold $80 million.

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