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BDCs

How Nigeria’s External Reserves Rose By 5.6% To $38.8bn In 2024 — CBN

CBN Denies Extending BDC Recapitalisation Deadline, Insists On June 2025

The Central Bank of Nigeria (CBN) has debunked reports claiming it extended the deadline for Bureau De Change (BDC) operators to meet new capitalisation requirements. The apex bank insisted that the deadline remains 3 June 2025, as earlier communicated. Prime Business Africa

June 12, 2025

Business

CBN Insists On June 3 Recapitalisation Deadline For BDCs

Last-minute efforts by the Bureau De Change (BDC) operators to seek further extension of the deadline for recapitalisation appear to have failed as the Central Bank of Nigeria (CBN) insisted that June 3 remains sacrosanct. The Association of Bureau De Change Operators

June 3, 2025

Weak Naira: CBN Sells $543.5m To Boost FX Market

Business·News

Again, CBN Sells $20,000 To BDC As Naira Weakens To N1700/$

The Central Bank of Nigeria (CBN) has announced a fresh sale of US$20,000.00 to each eligible Bureau de Change (BDC) operator at N1,590 per dollar. This was announced in a circular released Wednesday, 25 September, signed by Dr W. J. Kanya, acting

September 26, 2024

Naira Opens Week With Gain Across FX Markets

Business·Currency·News

CBN Sells $20,000 To BDCs At N1,580 As Naira Depreciation Persists

In its bid to increase liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) has offered to sell $20,000 to each eligible Bureau De Change (BDC) operator at a rate of N1,580 per dollar. The apex bank made this

September 7, 2024

Business·Currency·News

Forex Crisis: CBN Sells $122.67m To 46 Authorised BDC Operators

In an effort to foster stability and lessen market volatility, the Central Bank of Nigeria (CBN) has again intervened in the foreign exchange (forex) market, selling a total of $122.67 million to 46 authorised Bureau De Change operators. Prime Business Africa reports

July 13, 2024

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Currency·News

BDCs Debunk Viral Report Of Dollars Selling At N1,000/$1

Bureau De Change operators have debunked a report that has gone viral which claims that one dollar now sells at N1,000 at parallel market.

March 28, 2024

Business·Currency·News

CBN Issues New Guidelines For BDCs Operations In Nigeria, Bars Financing Political Activities With Dollars

CBN has released a document containing revised regulatory and supervisory guidelines for Bureau De Change (BDC) Operations in Nigeria.

February 24, 2024

Naira Ends Week With N59.71 Gain At Official Market

Finance & Economy

Naira Appreciates To 512/$, Banks Sell At 412/$

Naira appreciated against the dollar at the parallel market late on Monday as commercial banks set up foreign exchange teller points for customers in line with the directive from the Central Bank of Nigeria. The naira strengthened to 512/1$ against the greenback

August 3, 2021

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BDCs

CBN Denies Extending BDC Recapitalisation Deadline, Insists On June 2025

CBN Insists On June 3 Recapitalisation Deadline For BDCs

Again, CBN Sells $20,000 To BDC As Naira Weakens To N1700/$

CBN Sells $20,000 To BDCs At N1,580 As Naira Depreciation Persists

Forex Crisis: CBN Sells $122.67m To 46 Authorised BDC Operators

BDCs Debunk Viral Report Of Dollars Selling At N1,000/$1

CBN Issues New Guidelines For BDCs Operations In Nigeria, Bars Financing Political Activities With Dollars

Naira Appreciates To 512/$, Banks Sell At 412/$

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