Tuesday, April 30, 2024
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Tag "Bureau de Change"

BDCs back in action — seven weeks after CBN suspended forex sales

    BDCs back in action — seven weeks after CBN suspended forex sales

Bureau de Change operators in the country are set to begin operations after suspending forex sales to protect members from contracting the coronavirus. Operators had, on March 26, announced that

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CBN sustains naira with $195m forex intervention

    CBN sustains naira with $195m forex intervention

The Central Bank of Nigeria (CBN) on Monday boosted the inter-bank foreign exchange market with an additional $195m, even as the naira maintains stability. Exchanging at an average of N360

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VIDEO: EFCC ‘recovers N449m’ inside Lagos bureau de change

    VIDEO: EFCC ‘recovers N449m’ inside Lagos bureau de change

The Economic and Financial Crimes Commission (EFCC) on Friday recovered N449 million in an abandoned bureau de change in Victoria Island, Lagos. Wilson Uwujaren, spokesman of the commission, disclosed this

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Naira rebounds after week of depreciation, trades at 390

    Naira rebounds after week of depreciation, trades at 390

After one week of depreciation, the naira appreciated against the dollar at the parallel market on Tuesday, trading at 390. The nation’s currency traded at N380 (buying rate), and N390

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CBN increases forex sales to BDCs after IMF commendation

  CBN increases forex sales to BDCs after IMF commendation

The Central Bank of Nigeria has announced that it would increase the amount of forex apportioned to Bureau de Change

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Naira drops to N470 but rises at official market

  Naira drops to N470 but rises at official market

The naira on Friday weakened against the dollar at the parallel market, nullifying the N5 it gained on Thursday to

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Nigeria’s foreign reserves rise by $350 million

  Nigeria’s foreign reserves rise by $350 million

Latest data from the Central Bank of Nigeria (CBN) indicates that foreign exchange reserves rose by $350 million to $31.43

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Naira firms up as CBN sells $80m

The Nigerian naira on Wednesday firmed up on the parallel market, after the Central Bank of Nigeria (CBN) sold $80 million.

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Naira records mixed trading at official market, BDCs

The Naira closed trading on Friday on a stable terrain against the dollar at the official market. It was traded at

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Naira loses 1.5k against dollar

  Naira loses 1.5k against dollar

The naira on Friday depreciated against the dollar, dropping by N1.5k at the Bureau De Change (BDC) market. This comes

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