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Bureau De Change operators

Just In: CBN Resumes Fx Sale To BDCs At N1,021/$1

The Central Bank of Nigeria (CBN) has reestablished the sale of foreign exchange (forex) to Bureau De Change (BDC) operators. The apex bank is presently offering forex to them at an exchange rate of N1,021 per dollar. This move aims to stabilize

April 23, 2024

Business·Currency·Insights

2years Of BDC Ban: Dollar Hoarders Made Whopping 80% Gain From Emefiele’s Infamous Decision

Six days ago, the Central Bank of Nigeria (CBN) lifted the restriction placed on sales of foreign exchange to the Bureau De Change operators by the apex Bank’s suspended chief, Godwin Emefiele. Since his suspension, the CBN’s acting governor, Fola Shonubi, has

August 24, 2023

Naira Ends Week With Marginal Gain Against Dollar

Business

CBN To Resume Forex Sales To BDC Operators, Reveals Guidelines For Parallel Operations

The Central Bank of Nigeria (CBN) has lifted the restriction placed on the sale of foreign exchange to the Bureau De Change (BDC) operators under Godwin Emefiele. In a statement released on Friday, the CBN said the BDC operators will operate in

August 18, 2023

Breaking: CBN Raises Interest Rate To 18.75%

Business·Currency

Banks Are Formalising Black Market Operations, BDC Chief Says, Laments Exclusion

The President of the Association of Bureau De Change Operators of Nigeria (ABCON), Aminu Gwadabe, said banks are now formalising the black market. Gwadabe stated that while banks are formalising parallel market operations, the Bureau De Change remain excluded from the Investors’

July 12, 2023

Naira Opens Week With Gain Across FX Markets

Business·Currency

Naira Gains Against Dollar, As Exchange Rate Falls In Black Market, Official Window

The exchange rate between the Naira and the United States Dollar (USD) depreciated on Monday, 30, January, 2023, on the back of a stronger local currency. According to the exchange rate data obtained from the FMDQ Exchange, it was learnt that the

January 31, 2023

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Currency

Black Market Operators Offer To Buy Dollar Above CBN’s Official Market Rate

The Bureau De Change operators retained the exchange rate between the naira and the dollar in the black market at N288 above that of the official market. According to some Bureau De Change operators that spoke with Prime Business Africa on Thursday,

January 12, 2023

Business·Currency

Dollar Sells At N780, Flat At Black Market

The exchange rate between the dollar and the naira at the black market was flat on Monday, but the case was different in the official market, where the Nigerian currency appreciated. Bureau De Change operators offered the United States currency at N780/$1.

November 22, 2022

Business·Currency

Bureau De Change Operators Sell Dollar At N900, As Scarcity Affects Nigerians

The naira and dollar exchange rate traded flat on Monday in the official foreign exchange market of the Investors and Exporters window. Data obtained showed that the naira maintained stability against the United States’ currency at N445.50 kobo/$1. This was the rate

November 8, 2022

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

Bureau De Change Operators Fail To Agree On Dollar Rate

November 3, 2022, Dollar Rate: The dollar rate in the black market fell below N1000 on Thursday, as Bureau De Change operators told Prime Business Africa that they are still struggling to get their hands on dollar. On Wednesday, PBA had reported

November 3, 2022

Business·Currency

EFCC Arrest 8 BDC Operators, Anti-Graft Agency Blamed For Dollar Rate Rise

Eight Bureau De Change operators of the foreign exchange black market in Kano State were arrested by the Economic and Financial Crimes Commission (EFCC). The EFCC raided the parallel market days after its chairman, Abdulrasheed Bawa, warned that the anti-graft agency will

November 2, 2022

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Bureau De Change operators

Just In: CBN Resumes Fx Sale To BDCs At N1,021/$1

2years Of BDC Ban: Dollar Hoarders Made Whopping 80% Gain From Emefiele’s Infamous Decision

CBN To Resume Forex Sales To BDC Operators, Reveals Guidelines For Parallel Operations

Banks Are Formalising Black Market Operations, BDC Chief Says, Laments Exclusion

Naira Gains Against Dollar, As Exchange Rate Falls In Black Market, Official Window

Black Market Operators Offer To Buy Dollar Above CBN’s Official Market Rate

Dollar Sells At N780, Flat At Black Market

Bureau De Change Operators Sell Dollar At N900, As Scarcity Affects Nigerians

Bureau De Change Operators Fail To Agree On Dollar Rate

EFCC Arrest 8 BDC Operators, Anti-Graft Agency Blamed For Dollar Rate Rise

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