Browse Tag

Bureau De Change operators

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

Business News·Markets·News

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

April 23, 2024

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

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

Business News·Currency·Insights

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

August 24, 2023

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.

Naira Ends Week With Marginal Gain Against Dollar

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

August 18, 2023

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

Breaking: CBN Raises Interest Rate To 18.75%

Business News·Currency

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

July 12, 2023

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

Naira Opens Week With Gain Across FX Markets

Business News·Currency

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

January 31, 2023

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

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

Business News·Currency

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

January 12, 2023

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

Naira Opens Week With Gain Across FX Markets

Business News·Currency

Dollar Sells At N780, Flat At Black Market

November 22, 2022

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

Naira Opens Week With Gain Across FX Markets

Business News·Currency

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

November 8, 2022

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

Naira Ends Week With N59.71 Gain At Official Market

Business News·Currency

Bureau De Change Operators Fail To Agree On Dollar Rate

November 3, 2022

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

Naira Ends Week With Marginal Gain Against Dollar

Business News·Currency

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

November 2, 2022

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

Naira Ends Week With Marginal Gain Against Dollar

Business News·Currency

Dollar Rate Rises Close To N1000, As BDC Operators Set Various Rates

November 2, 2022

November 2, 2022, Dollar Rate: The exchange rate between the dollar and the naira has surged to various levels as Bureau De Change operators sell the American currency at different rates on

Naira Ends Week With N59.71 Gain At Official Market

Business News·Currency

Bureau De Change Operators Reduce Dollar Rate In Black Market

November 1, 2022

November 1, 2022, Dollar Exchange Rate: On Tuesday, the average exchange rate of US dollar to naira was N800 in the black market, showing sign of demand pressure easing in the parallel market

Naira Opens Week With Gain Across FX Markets

Business News·Currency

Naira In 53% Decline, Hits N865 Per Dollar, Nears N1,000 PBA Prediction

October 31, 2022

October 27 Dollar Exchange Rate: The dollar-to-naira black market exchange rate on Monday, crossed the N800 mark, setting its gaze on a possible N1,000/$ mark by December 2022, in line with Prime

Naira Opens Week With Gain Across FX Markets

Business News·Currency

Dollar To Naira Exchange Rate: Dollar Rate Hit N790, As BDC Operators Profit From CBN’s Policy

October 28, 2022

The exchange rate between the naira and the United States dollar (USD) went haywire in the black market on Friday evening. Bureau De Change operators profited from the recent announcement made by

Naira Ends Week With Marginal Gain Against Dollar

Business News·Currency

Dollar To Naira Exchange Rate: One Dollar Nearing N800, After BDC Boss’ Shocking Revelation

October 28, 2022

October 27 Dollar Exchange Rate: The dollar-naira black market exchange rate increased by N10 earlier on Friday, indicating that Bureau De Change operators charged USD buyers more. During the previous trading day

Naira Opens Week With Gain Across FX Markets

Business News·Currency

Dollar To Naira Exchange Rate: BDC Operators Set New Dollar Rate On CBN’s Naira Redesign

October 27, 2022

October 27 Dollar Exchange Rate: On Thursday, buyers of dollars in the black market paid about N765/$1 to Bureau De Change operators, as the BDC centers increased their asking price by 0.6

EFCC Chairman Abdulrasheed Bawa

Business News·Currency

EFCC Boss Warns Banks, BDC Operators Of Illicit Money Exchanged For Redesigned Naira

October 27, 2022

Bureau De Change operators and commercial banks have been warned by Economic and Financial Crimes Commission (EFCC) ahead of the release of the redesigned naira notes in December. The Executive Chairman of EFCC,

Naira Opens Week With Gain Across FX Markets

Business News·Currency

Dollar To Naira Exchange Rate: Dollar Rate Drops To N753 In Black Market

October 24, 2022

October 24 Dollar Exchange Rate: Bureau De Change operators dropped the cost to purchase dollar by 0.26 per cent on Monday, indicating naira’s valuation rose against the American dollar in the black

Naira Ends Week With Marginal Gain Against Dollar

Business News·Currency

Dollar To Naira Exchange Rate: BDC Operators Set New Dollar Rate After U.S Prediction

October 20, 2022

October 20 Dollar Exchange Rate: The exchange rate between the dollar and naira rose by 1.21% on Thursday, as Bureau De Change operators increased their asking price by N9. During trading hours,

Naira Opens Week With Gain Across FX Markets

Business News·Currency

Bureau De Change Operators Expect Dollar Rate To Rise Above N730 Due To CBN’s Policy

October 17, 2022

The policies of the Central Bank of Nigeria (CBN) under Godwin Emefiele have been blamed by the Association of Bureau De Change Operators of Nigeria (ABCON) for the hike in dollar rate.

Naira Opens Week With Gain Across FX Markets

Business News·Currency

Dollar To Naira Exchange Rate: Dollar Gets New Rate, As Demand Overwhelms Black Market, I&E

October 14, 2022

October 14, 2022 Dollar Rates Update: The cost of buying one dollar at the black market depreciated to N731/$1 on Friday, as the Bureau De Change operators dropped their asking price earlier

Naira Ends Week With Marginal Gain Against Dollar

Business News·Currency

Dollar To Naira Exchange Rate: Bureau De Change Operators Raise Dollar Rate

October 13, 2022

October 13, 2022 Dollar Rates Update: On Thursday, the Bureau De Change operators increased the price to buy one dollar, as demand pressure returns to the black market, amid scarcity of forex

Naira Ends Week With N59.71 Gain At Official Market

Business News·Currency

Black Market Naira Gains As BDC Operators Drop Dollar

October 11, 2022

October 11, 2022 Dollar Rates Update: The Bureau De Change operators reduced their asking price for dollar sales on Tuesday, with the naira gaining against the United States currency in the black

Naira Ends Week With Marginal Gain Against Dollar

Business News·Currency

Dollar To Naira Exchange Rate: Traders Increase Cost Of Dollar, As CBN’s Intervention Fails To Boost Naira

September 12, 2022

September 9, 2022 Dollar Rates Update: High demand for dollar and lack of it has seen traders increase the price of the United States currency in the foreign exchange segment of the

Naira Ends Week With Marginal Gain Against Dollar

Business News·Currency

Black Market Dollar To Naira Exchange Rate: Bureau De Change Operators Raise Dollar Rate After Advice To CBN

August 8, 2022

August 8, 2022 Dollar Rate Update: On the Investors and Exporters window, the naira closed flat at N430 to one dollar on Friday, maintaining the same selling price traders offered the United

Naira Ends Week With N59.71 Gain At Official Market

Business News·Currency

Black Market Dollar To Naira Exchange Rate: Bureau De Change Operators Reduce Dollar Rate Again, After EFCC Raid

August 5, 2022

August 4, 2022 Dollar Rate Update: The naira appreciated by 0.25% on Thursday, as the Nigerian currency continues to gain ground against the dollar, despite a decrease in the value of foreign

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business News·Currency

Black Market Dollar To Naira Exchange Rate: BDC Operators Drop Dollar Rate After Sending Message To CBN

August 2, 2022

August 2, 2022 Dollar Rate Update: Bureau De Change (BDC) operators reduced their asking price for sale of dollar on Tuesday, showing sign of rise in availability of the United States currency

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business News·Currency

Black Market Dollar To Naira Exchange Rate: Dollar Sells At N685 In Black Market, N431 In I&E Window

July 27, 2022

July 26, 2022 Dollar Rate Update: The naira remains weak against the United States currency, dollar, as scarcity overwhelms the official foreign exchange market, Investors & Exchange window, as well as the

Naira Ends Week With Marginal Gain Against Dollar

Business News·Currency

Black Market Dollar To Naira Exchange Rate: $1 Nears N700, As CBN Continues To Snub BDC Operators

July 26, 2022

July 25, 2022 Dollar Rate Update: Bureau De Change operators increased the cost of buying dollar by 1.65% on Monday, as demand overwhelms availability in the black market, amid lack of support

China, North Korea Open Long-Delayed Bridge to Facilitate Trade

China and North Korea opened a long-delayed border bridge on

Worries As Oil Price Crash, Low Production Threaten Nigeria’s 2025 Budget

Iran Conflict Pushes South African Fuel Prices Sharply Higher

South Africa will raise petrol prices by more than 11%

India-New Zealand Free Trade Agreement to Take Effect on Oct. 20

India and New Zealand’s free trade agreement (FTA) will take

UBA marina house

UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.

Necessary

Always Enabled

Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.

Cookie	Duration	Description
cookielawinfo-checbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.