Wednesday, November 30, 2022
MARKET UPDATE
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Tag "Bureaux De Change (BDCs)"

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 represents N4 or 0.7 percent depreciation compared to the N581 it

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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 is lower by N3 or 0.5 percent from the N578 it

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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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Desist from forex malpractices or face suspension, CBN warns banks

The Central Bank of Nigeria (CBN) has warned that banks involved in any form of foreign exchange (FX) malpractice risk

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CBN directs banks to publish names, BVN of forex policy defaulters

  CBN directs banks to publish names, BVN of forex policy defaulters

The Central Bank of Nigeria has directed all commercial banks in the country to publish the names and bank verification numbers

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