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Tag "Bureaux De Change (BDCs)"

Banks to digitise FX sales, threaten to sanction fraudulent customers

    Banks to digitise FX sales, threaten to sanction fraudulent customers

The bankers’ committee, on Thursday, announced plans to begin the sale of foreign exchange to customers through the platform of the Nigerian Inter-bank Settlement System Plc (NIBSS). The committee is

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We won’t tamper with foreign currency in your dom accounts, CBN assures customers

    We won’t tamper with foreign currency in your dom accounts, CBN assures customers

The Central Bank of Nigeria (CBN) says speculations that the apex bank is considering converting foreign exchange (FX) in the domiciliary accounts of customers to naira should be ignored. Speaking with

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Manufacturers to banks: Don’t hoard forex… comply with CBN’s directive

    Manufacturers to banks: Don’t hoard forex… comply with CBN’s directive

The Manufacturers Association of Nigeria (MAN) has asked commercial banks to comply strictly with the Central Bank of Nigeria (CBN) directive on the sale of foreign exchange to eligible customers.

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Bank CEOs: We’re ready to meet forex demand of customers

    Bank CEOs: We’re ready to meet forex demand of customers

The Body of Bank Chief Executive Officers (CEOs) say the banking industry is ready to sale of foreign exchange to all legitimate customers as directed by the Central Bank of

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CBN to refund capital deposits, licensing fees to BDC promoters with pending applications

  CBN to refund capital deposits, licensing fees to BDC promoters with pending applications

The Central Bank of Nigeria (CBN) says it will commence the immediate refund of capital deposits and licensing fees (where

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CBN directs banks to establish teller points for legitimate FX requests

  CBN directs banks to establish teller points for legitimate FX requests

The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to set up teller points to meet legitimate

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Exempt us from VAT, bank charges… BDCs list how to make naira stronger

  Exempt us from VAT, bank charges… BDCs list how to make naira stronger

The Association of Bureaux De Change Operators of Nigeria (ABCON) says exemption from value added tax (VAT) and removing or

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