BY EMEKA EJERE Barely one month after the Central Bank of Nigeria (CBN), reintroduced Bureau De Change (BDC) in its foreign exchange framework, the parallel market...
The achievement of N1 trillion annual market turnover by Nigerian Bureaux De Change (BDCs) has reinforced their prime role in the economy. Not relenting on its...
The Central Bank of Nigeria (CBN)-licenced Bureaux De Change (BDC) operators have declared operational war against foreign exchange speculators and black market dealers distorting the Naira...
Adebayo Obajemu The Central Bank of Nigeria will resume the sale of foreign exchange to the Bureau De Change segment of the foreign exchange market on...
Foreign exchange earnings from Diaspora Remittances have for years, supported Nigeria’s economy. But the World Bank has projected global remittances to decline sharply by about 20...
Hope Rising for Naira As Reserves Recover at $37b By OKEY ONYENWEAKU Foreign currency speculators will in the coming months face over N10 billion losses as...
BY EMEKA EJERE The decision of the Central Bank of Nigeria (CBN) to collapse the multiple exchange rate policy that determined the value of the naira...
The naira depreciated 1.39 per cent to N385.53 against the dollar at the Investors and Exporters (I&E) foreign exchange window on Thursday as the Central Bank...
The Central Bank of Nigeria (CBN) has instructed bureau de change (BDC) operators in the country to review the foreign exchange upwards to N380 against the...