Saturday, April 27, 2024
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Tag "BDC"

Naira crosses 400/$ mark at parallel market after FX ban on 9 banks

    Naira crosses 400/$ mark at parallel market after FX ban on 9 banks

The naira crossed the 400-per-dollar mark on Wednesday to trade at 402 to the foreign currency at the parallel market. The naira, which traded around 396/$1 on Tuesday, depreciated rapidly

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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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CBN lists 2,998 verified BDC agents ahead of new FX policy

    CBN lists 2,998 verified BDC agents ahead of new FX policy

The Central Bank of Nigeria (CBN) has listed 2,998 confirmed bureau de change (BDC) operators, ahead of the revelation of its new foreign exchange policy. At its meeting on Tuesday,

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Naira finds a ‘resting place’ at 320 to a dollar

    Naira finds a ‘resting place’ at 320 to a dollar

The Nigerian currency seems to have found a resting place at 320 to the greenback on the parallel market. The naira, Nigeria’s prime legal tender, has been seen as revolving

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ALERT: Naira ‘could fall’ to 400/$ next week

  ALERT: Naira ‘could fall’ to 400/$ next week

Taiwo Ebenezer, the southwest chairman of Bureau de Change (BDC) operators is afraid that the naira could fall to 400 against

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Buhari: We ended sale of forex to BDCs because CBN directors were shortchaging the govt

  Buhari: We ended sale of forex to BDCs because CBN directors were shortchaging the govt

President Muhammadu Buhari has revealed that his government decided to stop the sale of foreign exchange to bureau de change

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CBN to refund N35m deposit to BDC operators

  CBN to refund N35m deposit to BDC operators

The Central Bank of Nigeria says it would refund the N35 million deposit paid by licensed Bureau De Change (BDC)

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Naira trades at N285/dollar

  Naira trades at N285/dollar

The naira on Tuesday depreciated by 2.51 per cent to exchange at N285 to the dollar at the Bureau De

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CBN bans sale of forex to BDCs, but lifts ban on cash deposits into dom accounts

  CBN bans sale of forex to BDCs, but lifts ban on cash deposits into dom accounts

Godwin Emefiele, governor of the central bank of Nigeria (CBN), says the apex bank will no longer sell foreign exchange

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Forex-selling ‘mallams’ defy CBN, continue street trading

  Forex-selling ‘mallams’ defy CBN, continue street trading

Foreign exchange trading by so-called “mallams” has continued in 2016, defying the orders of the Central Bank of Nigeria (CBN),

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