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
Tag "Bureau de Change"
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,
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
The Central Bank of Nigeria (CBN) has denied selling foreign exchange (FX) to bureau de change (BDC) operators at the rate of N1,001/$1. CBN, in a post on X on
The naira, on Wednesday, appreciated to N1,050 at the parallel section of the foreign exchange (FX) market. The current FX
The naira, on Monday, appreciated to N1,120 per dollar at the parallel section of the foreign exchange (FX) market. The
The Central Bank of Nigeria (CBN) has announced the second tranche of sales of foreign exchange (FX) to bureau de
The naira, on Monday, appreciated further at the parallel section of the foreign exchange (FX) market. Currency traders in Lagos,
The Central Bank of Nigeria (CBN) has revoked the licences of 4,173 bureau de change (BDC) operators for failing to
Nigeria’s bureau de change (BDC) market has grown significantly since 2005. Within that period (2005 to 2006) there were less
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