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TheCable

Tag "Bureau de Change"

ICYMI: CBN’s N2bn capital requirement for BDCs against global standards, says ABCON

    ICYMI: CBN’s N2bn capital requirement for BDCs against global standards, says ABCON

The Association of Bureau De Change Operators of Nigeria (ABCON) has called for a review of the capital requirements set by the Central Bank of Nigeria (CBN). Aminu Gwadabe, president

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‘No crypto transactions, non-refundable licence fee’ — all the changes in CBN’s BDC guidelines

    ‘No crypto transactions, non-refundable licence fee’ — all the changes in CBN’s BDC guidelines

On May 22, the Central Bank of Nigeria (CBN) announced approved guidelines for bureau de change (BDC) operations. The approved guidelines, made after consulting with stakeholders in the sector, will

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Naira halts rally at parallel market, extends gains at official window

    Naira halts rally at parallel market, extends gains at official window

The naira reversed the appreciation streak at the parallel section of the foreign exchange (FX) market on Wednesday. The naira maintained an upward trend from May 17 to May 20

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Naira depreciates further at parallel market, trades at N1,520/$

    Naira depreciates further at parallel market, trades at N1,520/$

The naira depreciated to N1,520 per dollar at the parallel section of the foreign exchange (FX) market on Monday. This signifies a 3.4 percent decline from the N1,470/$ traded on

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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

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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

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FAKE NEWS ALERT: CBN denies selling FX to BDCs at N1,001/$1

  FAKE NEWS ALERT: CBN denies selling FX to BDCs at N1,001/$1

The Central Bank of Nigeria (CBN) has denied selling foreign exchange (FX) to bureau de change (BDC) operators at the

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Gap between parallel, official FX rates drops to N22 as naira extends gains

  Gap between parallel, official FX rates drops to N22 as naira extends gains

The naira, on Wednesday, appreciated to N1,050 at the parallel section of the foreign exchange (FX) market. The current FX

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Naira appreciates against dollar at official window, parallel market

  Naira appreciates against dollar at official window, parallel market

The naira, on Monday, appreciated to N1,120 per dollar at the parallel section of the foreign exchange (FX) market. The

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CBN sells FX to BDCs at N1,251/$

  CBN sells FX to BDCs at N1,251/$

The Central Bank of Nigeria (CBN) has announced the second tranche of sales of foreign exchange (FX) to bureau de

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