Wednesday, June 29, 2022
MARKET UPDATE
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Tag "BDCs"

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 amid increased demand. The figure represents a drop of N7

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ABCON to CBN: De-risk our operations to receive diaspora remittances via NAFEX

    ABCON to CBN: De-risk our operations to receive diaspora remittances via NAFEX

The Association of Bureaux de Change Operators of Nigeria (ABCON) has asked the monetary authority to de-risk their operations in order to receive diaspora remittances through the autonomous forex windows.

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Crypto ban, halt in FX sale to BDCs… 5 CBN policies that impacted Nigerians in 2021

    Crypto ban, halt in FX sale to BDCs… 5 CBN policies that impacted Nigerians in 2021

Throughout 2021, the Central Bank of Nigeria (CBN) implemented various reforms and policies to ensure economic and financial stability. While it received kudos for some of its policies, the apex

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Naira appreciates further, trades N530 a dollar at parallel market

    Naira appreciates further, trades N530 a dollar at parallel market

The naira has appreciated further against the dollar at the parallel market on Thursday to trade at N530 per dollar.  The figure is N10 or 1.8 percent higher than the

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UBA publishes names, account numbers of ‘forex policy defaulters’

  UBA publishes names, account numbers of ‘forex policy defaulters’

The United Bank of Africa (UBA) has published names and account numbers of some customers alleged to have violated the

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BDC operators: CBN’s decision to halt FX sales doesn’t hinder us from providing service

  BDC operators: CBN’s decision to halt FX sales doesn’t hinder us from providing service

The Association of Bureaux De Change Operators of Nigeria (ABCON) says a recent decision by the Central Bank of Nigeria

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Mailafia: Decision to stop sale of FX to BDCs may worsen naira value

  Mailafia: Decision to stop sale of FX to BDCs may worsen naira value

Obadiah Mailafia, a former deputy governor of the Central Bank of Nigeria (CBN), says the decision of the apex bank

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BDC operators to CBN: Make us pay agents for diaspora remittances

  BDC operators to CBN: Make us pay agents for diaspora remittances

The Association of Bureaux de Change Operators of Nigeria (ABCON) has asked the Central Bank of Nigeria (CBN) to make

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Constitutionality of banks as tax collectors

  Constitutionality of banks as tax collectors

BY ABUBAKAR SANI The Association of Bureau De Change Operators of Nigeria recently raised an alarm over the on-going practice

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CBN directs BDCs to sell dollars at 362/$1

  CBN directs BDCs to sell dollars at 362/$1

The Central Bank of Nigeria (CBN) has directed bureau de change operators (BDCs) to sell the dollar at N362 to

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