Saturday, April 20, 2024
MARKET UPDATE
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Tag "BDC"

FAKE NEWS ALERT: CBN denies selling FX to BDCs at N1,001/$1

    FAKE NEWS ALERT: CBN denies selling FX to BDCs at N1,001/$1

The Central Bank of Nigeria (CBN) has denied selling foreign exchange (FX) to bureau de change (BDC) operators at the rate of N1,001/$1. CBN, in a post on X on

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Gap between parallel, official FX rates drops to N22 as naira extends gains

    Gap between parallel, official FX rates drops to N22 as naira extends gains

The naira, on Wednesday, appreciated to N1,050 at the parallel section of the foreign exchange (FX) market. The current FX rate at the street market signifies an increase of 4.55

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Naira appreciates against dollar at official window, parallel market

    Naira appreciates against dollar at official window, parallel market

The naira, on Monday, appreciated to N1,120 per dollar at the parallel section of the foreign exchange (FX) market. The current FX rate signifies a decrease of 9.67 percent from

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CBN sells FX to BDCs at N1,251/$

    CBN sells FX to BDCs at N1,251/$

The Central Bank of Nigeria (CBN) has announced the second tranche of sales of foreign exchange (FX) to bureau de change (BDC) operators. CBN disclosed this in a circular titled

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‘$10k for school fees, $5k for medical bills’ – CBN limits dollar purchase from BDCs

  ‘$10k for school fees, $5k for medical bills’ – CBN limits dollar purchase from BDCs

The Central Bank of Nigeria (CBN) has placed limits on the foreign exchange (FX) sales by Bureau De Change (BDC)

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CBN: Sellers of FX above $10,000 must declare source to BDCs

  CBN: Sellers of FX above $10,000 must declare source to BDCs

The Central Bank of Nigeria (CBN) says sellers of foreign exchange (FX) of $10,000 and above to Bureau De Change

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ABCON asks members to comply with FX regulations, stop street trading

  ABCON asks members to comply with FX regulations, stop street trading

The Association of Bureau De Change Operators of Nigeria (ABCON) has instructed its members to abide by extant laws establishing

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‘Dollar scarcity now scary’ — naira slumps to N1,225/$ at parallel market

  ‘Dollar scarcity now scary’ — naira slumps to N1,225/$ at parallel market

The naira, on Monday, continued its depreciation streak at the parallel section of the foreign exchange (FX) market. The local

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Naira depreciates further, exchanges for N980/$ at parallel market

  Naira depreciates further, exchanges for N980/$ at parallel market

The naira, on Wednesday, fell to N980 per dollar at the parallel section of the foreign exchange (FX) market. The

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ABCON: Why we’re seeking CBN’s approval for BDCs mergers, 900% capitalisation increase

  ABCON: Why we’re seeking CBN’s approval for BDCs mergers, 900% capitalisation increase

The inability of the Central Bank of Nigeria (CBN) to adequately supervise the operations of Bureau De Change (BDC) centres

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