Wednesday, December 8, 2021
MARKET UPDATE

TheCable

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Tag "BDCs"

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 forex policy of the Central Bank of Nigeria (CBN). 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 (CBN) does not hinder its members from providing foreign exchange

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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 to stop sales of foreign exchange (FX) to Bureau De

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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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CBN to increase FX sales to us this week, says BDC president

  CBN to increase FX sales to us this week, says BDC president

Aminu Gwadabe, president, Association of bureau de change operators of Nigeria (ABCON), says the Central Bank of Nigeria (CBN) should

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CBN meets BDCs over conflicting exchange rates

  CBN meets BDCs over conflicting exchange rates

The Central Bank of Nigeria (CBN) will be meeting with bureau de change (BDC) operators in a bid to “correct”

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Travelex, FBN to sell forex to BDC operators in Abuja, Kano, PH

  Travelex, FBN to sell forex to BDC operators in Abuja, Kano, PH

Liquidity challenges in Abuja and environs will ease further as Travelex and First Bank begin the sale of Forex to

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