Wednesday, May 1, 2024
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Tag "BDCs"

ABCON proposes unified retail FX market operations to enhance transparency

    ABCON proposes unified retail FX market operations to enhance transparency

The Association of Bureaux De Change Operators of Nigeria (ABCON) has announced plans to establish unified retail end foreign exchange (FX) market operations. In a statement on Friday, Aminu Gwadabe,

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CBN sells dollars to BDCs at N1,021/$

    CBN sells dollars to BDCs at N1,021/$

The Central Bank of Nigeria (CBN) has further reduced the foreign exchange (FX) rate for dollar allocations to bureau de change (BDC) operators. On Tuesday, the CBN, in a circular

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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

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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

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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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