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![Today's Naira Rate [29-04-2024]: Naira Weakens Further: BDC Operators Face Challenges as Dollar Hits N1,350](/data/attachments/203/203446-6e202405f2f497d63440ce71bc64dc98.jpg)
Nigeria Today's Naira Rate [29-04-2024]: Naira Weakens Further: BDC Operators Face Challenges as Dollar Hits N1,350
Amidst ongoing economic uncertainties, the Nigerian naira witnessed a further depreciation against the US dollar, reaching N1,350 per dollar at the parallel segment of the foreign exchange (FX) market on Monday. This marked a 2.27 percent decline from the rate of N1,320/$ recorded on April 26... -
Nigeria EFCC Clamps Down on Forex Fraud: 34 Suspects Nabbed in Abuja Raid
In a swift operation targeting illicit foreign exchange activities, the Economic and Financial Crimes Commission (EFCC) apprehended 34 individuals suspected of currency speculation in Abuja. The arrests were executed by operatives from the EFCC's Taskforce on Currency Mutilation, Dollarization... -
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Business Naira To Appreciate Next Week As Dollar Supply Increase
The Nigerian naira set to revive its losses as traders anticipate improved dollar supply from international money transfer agencies to ease a shortage, which has pushed down the local currency. The naira fell to N470 to the dollar on the parallel market yesterday from N455 a dollar last week...- ProfRem
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Business Naira Sustains Gain on InterBank Market, Closes at N305/USD1
The Nigerian Naira on Monday sustained its gains by 0.08% to close flat at 305 to the dollar at the inter-bank market. The Pound Sterling also appreciated by three points to close at N547, while Euro and the Dollar remained steady at N495 and N455 at the parallel market segment, according to...- ProfRem
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Business CBN Raises BDC Exchange Rate To N385/USD
The Central Bank of Nigeria has raised the exchange rate for Bureau de Change operators to 385 naira per dollar. According to Channel Television, this move is to encourage Nigerians in diaspora to use official channels to transfer earnings back home. Prior to the announcement, the CBN allows...- ProfRem
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- bdcs cbn cbn raise bdc exchange rate central bank of nigeria channel television nigeria news nigerianbulletin
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Business Travellers Storm Travelex Office, Get Dollar At N356
Travelex, a global foreign exchange dealer, on Friday resumed sale of dollars directly to travellers at N356 to a dollar. The News Agency of Nigeria, NAN, reports that the firm’s office inside the Murtala Muhammed International Airport, Lagos terminal was besieged by hundreds of travellers...- ProfRem
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- bdcs naira rate naira to dollar rate nan nigeria airports travelex office
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Business CBN Directs Bureau De Change Operators Not To Sell FX Above 2% Margin
The Central Bank of Nigeria on Tuesday directed Bureau De Change operators not to sell foreign exchange above two per cent margin of the buying rate. A statement by W.D Gotring, the Acting Director, Trade and Exchange Department of CBN, also directed authorised dealers not to sell foreign...- ProfRem
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- bdcs bureau de change operators central bank of nigeria nigeria news nigerianbuleltin
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Business Nigerian Banks Begin Dollar Sale To Black Market Operators
Nigerian banks are set to sell foreign currencies to Bureau De Change Operators (BDCs). An accountant, Mr Harisson Owoh, on Monday said that the Naira will be on the path to recovery as sale of dollar to the BDC, popularly known as Abokis begin. Owoh, a BDC operator, in Lagos said that its...- ProfRem
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- bdcs bureau de change operators harisson owoh nigeria news nigerianbulletin
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Business Nigeria - 10/6/2016: Today's Naira Rate Against The Dollar, Pounds, Euro
Today's exchange rate of the Nigerian Naira against the Dollars, Pounds and Euros- mrsam
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