Friday, April 19, 2024
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Tag "BDCs"

CBN revokes licences of 4,173 BDCs

    CBN revokes licences of 4,173 BDCs

The Central Bank of Nigeria (CBN) has revoked the licences of 4,173 bureau de change (BDC) operators for failing to observe regulatory provisions. In a statement signed by Sidi Ali,

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CBN resumes sale of dollars to BDCs, cites high demand

    CBN resumes sale of dollars to BDCs, cites high demand

The Central Bank of Nigeria (CBN) says it has approved the sale of foreign exchange (FX) to bureau de change (BDC) operators. The CBN announced the development in a statement

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‘N2bn capital requirement, no FX credit to customers’ — CBN sets guidelines for BDCs

    ‘N2bn capital requirement, no FX credit to customers’ — CBN sets guidelines for BDCs

The Central Bank of Nigeria (CBN) has released guidelines for the sale of foreign exchange (Forex) by Bureau De Change (BDC) operators within the country. CBN said the guidelines will

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ABCON asks CBN to review regulations on domiciliary accounts to stop FX hoarding

    ABCON asks CBN to review regulations on domiciliary accounts to stop FX hoarding

Aminu Gwadabe, president of the Association of Bureaux de Change Operators of Nigeria (ABCON) said the Central Bank of Nigeria (CBN) should review the regulations on domiciliary accounts to eliminate

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Tinubu’s aide seeks reform of BDCs, banks’ FX operations to improve supply

  Tinubu’s aide seeks reform of BDCs, banks’ FX operations to improve supply

Tope Fasua, the special adviser to President Bola Tinubu on economic affairs, has called for a structural reform of Nigeria’s

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Here is what the return of BDCs means for the naira

  Here is what the return of BDCs means for the naira

As I like to say, Nigeria is on autoreplay; what happened 10 years ago also happened four years ago, and

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CBN releases fresh guidelines for forex sale by BDCs — 25 months after ‘ban’

  CBN releases fresh guidelines for forex sale by BDCs — 25 months after ‘ban’

The Central Bank of Nigeria (CBN) has released fresh operational mechanisms for the sale of forex by Bureau De Change

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Naira plummets to N860/$ at parallel market as dollar demand intensifies

  Naira plummets to N860/$ at parallel market as dollar demand intensifies

The naira has continued its downward spiral, falling to N860 per dollar at the parallel market on Wednesday. The figure

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‘Raise capital requirements of BDCs’ — Tinubu advisory council recommends guidelines for operators

  ‘Raise capital requirements of BDCs’ — Tinubu advisory council recommends guidelines for operators

The policy advisory council of President Bola Tinubu has asked the federal government to increase the capital requirements of Bureaux

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Naira slides 1.2% to N607/$ at parallel market

  Naira slides 1.2% to N607/$ at parallel market

The Nigerian naira, on Friday, weakened to N607 per dollar at the parallel section of the foreign exchange (FX) market

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