bureau de change (bdc)
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Nigeria CBN Initiates Forex Sales to BDCs at N1,101/$1, Aims to Stabilize Currency Market
The Central Bank of Nigeria (CBN) has taken a significant step towards stabilizing the foreign exchange (FX) market by announcing the sale of dollars to bureau de change (BDC) operators at the rate of N1,101 for every $1. This move, revealed in a recent circular titled ‘Sales of FX to Meet... -
Nigeria Nigeria's Central Bank Initiates Dollar Sales to BDCs to Boost Forex Liquidity
Amidst Nigeria's evolving economic landscape, the Central Bank of Nigeria (CBN) has taken significant steps to bolster liquidity in the foreign exchange market, signaling a potential shift in the nation's currency dynamics. In a recent circular addressed to Bureau De Change operators (BDCs)... -
Nigeria Naira Crisis: Nigerian Government Continues 'Stick and Carrot' Approach as CBN Releases $20,000 to Each BDC to Stabilize Currency
The Central Bank of Nigeria (CBN) is taking proactive measures to rectify distortions in the country's foreign exchange market, particularly in the retail segment. In a recent circular by Dr. Hassan Mahmud, the Director of the Trade & Exchange Department, the CBN announced its decision to... -
Metro FBI List: EFCC Goes After Bankers, BDC Operators Aiding Cybercriminals – Naijaloaded
The Economic and Financial crimes Commission (EFCC) has begun a clampdown on bankers and operators of Bureau De Change (BDC) outfits across Nigeria who are aiding cybercrimes. The clampdown followed the indictment of 80 Nigerians in a massive cybercrime case, investigated … Read more via...- Nigeria Metro News
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Business Naira appreciates against dollar at parallel market – The Guardian Nigeria Newspaper
The Naira on Tuesday appreciated against the dollar at the parallel market, exchanging at N360 to the dollar, stronger than N361 posted on Monday. At the Bureau De Change (BDC) window, the Naira was sold at N360 to the dollar, while … Read more via The Guardian Nigeria Newspaper – Nigeria...- curator
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Business Naira Gains As Politicians Pump ‘Election Dollars’ Into Economy – Nairaland
The naira has been firming up in the last few days as politicians pumped stockpiled dollars into the economy for campaigns, The Nation has learnt. The naira, which exchanging at N361 to.... Read more via Nairaland – https://ift.tt/2Nglq8V Get more: Nigeria Business News- curator
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Business Naira Weakens Marginally Against Dollar At Parallel Market – Leadership Nigeria Newspaper
The Naira on Wednesday lost one kobo to exchange at N358.4, weaker than N358.3 traded on Tuesday at the parallel market in.... Read more via Leadership Nigeria Newspaper – https://ift.tt/2M1TCcl Get more: Nigeria Business News- curator
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