Saturday, March 28, 2020

Tag "Association of Bureaux de Change Operators of Nigeria (ABCON)"

    BDCs ask to be included in Yuan disbursements

BDCs ask to be included in Yuan disbursements

The Association of Bureaux De Change Operators of Nigeria (ABCON) on Saturday urged the Central Bank of Nigeria (CBN) to approve the Renminbi (Yuan) disbursements to its members, to deepen the China-Nigeria swap deal. Aminu Gwadabe, ABCON president, told NAN in Lagos that the approval would enable BDCs to sell personal and business travelling allowances to its customers in Yuan. According to him, [...]

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    BDCs reject CBN’s new dollar purchase order

BDCs reject CBN’s new dollar purchase order

Bureaux de Change Operators say they are not comfortable with the new forex purchase directive issued by the Central Bank of Nigeria. In a statement on Sunday, the CBN had said banks must now attend to customers' forex needs over the counter and BDCs must purchase forex three times a week. “All BDCs shall henceforth access dollars from the CBN on Mondays, [...]

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Exchange Rates

March 25, 2019USDGBPEUR
INTERBANK306397354
LAGOS380478402
KANO375477498
PH380478498
ABUJA375476400
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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