The bad performance of the Nigerian currency, Naira continued at the peer-to-peer (P2P) segment of the foreign exchange (forex) market. On Friday at the P2P market,...
The move by the Central Bank of Nigeria (CBN) to stop the sale of dollars to Bureau De Change(BDC) operators made headlines in recent weeks. The...
The Naira on Tuesday, again gained against the U.S dollar at the parrallel Market as it neared the level it was before the Central Bank of...
The Association of Bureaux De Change Operators of Nigeria (ABCON) has assured the citizens that Bureaux De Change (BDCs) operators are still providing foreign exchange services...
The Central Bank of Nigeria (CBN) has announced it will commence immediate refund of minimum capital deposits and licensing fees to Bureaux de change (BDCs) promoters...
Some currency dealers have responded to the Central Bank of Nigeria (CBN) Tuesday’s decision to halt the sale of dollars to Bureau de Change (BDC) operators....
The Central Bank of Nigeria (CBN) has secured series of court orders to freeze 194 bank accounts owned by Bureaux de Change and some firms. The...
Naira appreciated substantially on the parallel market on Tuesday, rising by 9.65% to N435 against the United States dollar, traders said, citing the Central Bank of...
The Central Bank of Nigeria, CBN, has said that it sold $4.47 billion forex to authorised dealers between April and May, 2019. The CBN stated this...
ASSOCIATION of Bureaux De Change Operators of Nigeria, ABCON, has called on the Central Bank of Nigeria, CBN, to implement provisions of its 2014 circular which...
The Association of Bureau De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to approve the disbursements of Renminbi (Chinese Yuan)...
As part of the measures to ease the stress by Nigerians seeking foreign exchange for their traveling arrangements, the Central Bank of Nigeria (CBN) has issued...
There are every indication that the Central Bank of Nigeria (CBN) may succumb to the call by the operators at the parallel market to have direct...
The Central Bank of Nigeria, CBN, has increased banks’ weekly dollar sales to Bureaux De Change, BDCs, from Diaspora-related foreign exchange, from $30,000 to $50,000. This...
The Central Bank of Nigeria, CBN, on Tuesday directed authorised dealers to sell foreign exchange cash to BDCs subject to a maximum of $30,000 to a...
The Central Bank of Nigeria, CBN, has said plans are on to have Bureau De Change, BDC, operators participate in the flexible exchange rate inter-bank market...
The EFCC, Friday said those who looted the nation’s treasury have changed their mode of operation, choosing to hide looted funds in abandoned buildings instead of...
The Central Bank of Nigeria (CBN) has issued operating licences to 2,998 bureaux de change (BDCs) that met its N35 million mandatory capital base, The number,...
The decision of the Federal Government to increase the pump price of Petrol from N86. 50 to N145 has continued to have rippling effect on the...
Banks are diverting dollar sales previously allocated to licensed Bureaux De Change (BDC) operators to unlicensed BDCs or currency hawkers, investigation by Ripples Nigeria has revealed....
By Ali Smart The Central Bank of Nigeria (CBN) has ordered Bureau de Change operators to be ready to tender the Bank Verification Number (BVN) of...
In from Ali Smart… The Central Bank of Nigeria (CBN) has warned that Bureau De Change (BDCs) are not authorised to fund import transactions in any...
