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Tag "Bureaux De Change (BDCs)"

Create special FX trading window for BDCs, ABCON tells CBN

    Create special FX trading window for BDCs, ABCON tells CBN

The Association of Bureaux De Change Operators of Nigeria (ABCON) has asked the Central Bank of Nigeria (CBN) to establish BDCs’ autonomous foreign exchange trading window (BAFEX) with a determined

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Naira slides to N589 per dollar at parallel market as FX liquidity crisis persists

    Naira slides to N589 per dollar at parallel market as FX liquidity crisis persists

Nigerian naira, on Wednesday, dropped to N589 against the dollar at the parallel market. The figure represents N1 or 0.2 per cent depreciation compared to the N588 it traded last two

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Naira appreciates 0.3% to N588/$1 at parallel market

    Naira appreciates 0.3% to N588/$1 at parallel market

Nigerian naira, on Thursday morning, appreciated against the dollar at the parallel section of the foreign exchange market. Bureaux De Change (BDC) operators, popularly known as “abokis’, who spoke to

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ABCON: CBN’s decision to discontinue FX sales to BDCs made naira worthless

    ABCON: CBN’s decision to discontinue FX sales to BDCs made naira worthless

The Association of Bureaux De Change Operators of Nigeria (ABCON) says the decision of the Central Bank of Nigeria (CBN) to discontinue sales of foreign exchange (FX) to its members

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Naira falls to N585 per dollar at parallel market

  Naira falls to N585 per dollar at parallel market

Nigerian naira has dropped to N585 against the dollar at the parallel section of the foreign exchange market. The figure

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Naira slides 0.5% to N581/$1 at parallel market

  Naira slides 0.5% to N581/$1 at parallel market

Nigerian naira traded at N581 per dollar on Friday at the parallel section of the foreign exchange market. The figure

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Naira drops 0.2% to trade N578/$1 at parallel market

  Naira drops 0.2% to trade N578/$1 at parallel market

The naira, on Wednesday, depreciated further against the dollar at the parallel section of the foreign exchange market. Bureaux De

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Naira falls by 2.8% to N545/$1 at parallel market

  Naira falls by 2.8% to N545/$1 at parallel market

The naira, on Friday, depreciated against the dollar at the parallel section of the foreign exchange market. Bureaux De Change

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CBN: Those calling for Emefiele’s resignation only pursuing selfish interest

  CBN: Those calling for Emefiele’s resignation only pursuing selfish interest

The Central Bank of Nigeria (CBN) has rejected calls for the resignation of Godwin Emefiele, its governor, over issues relating

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‘We can’t sell FX to people who buy arms to hurt us’ — CBN maintains stance on BDC ban

  ‘We can’t sell FX to people who buy arms to hurt us’ — CBN maintains stance on BDC ban

The Central Bank of Nigeria (CBN) has announced that the ban on sales of foreign exchange (forex) to Bureaux De

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