Tag: Dollar
BDCs back CBN’s directive stopping use of domiciliary accounts as collateral
The Association of Bureaux de Change Operators of Nigeria has shown support for the Central Bank of Nigeria's instruction to ...
CBN approves daily sales of $10,000 to 1,588 BDC operators
Directed BDCs to sell to eligible end-users at spread of not more than 1.5 percent The Central Bank of Nigeria, ...
CBN directs BDCs to sell dollar at N1,269
The apex bank directed each BDC to sell the dollars to eligible customers at a rate not exceeding 1.5 per ...
Only foreign borrowing can save naira, clear CBN debts – EIU
The CBN unified segments of the country’s foreign exchange market on June 14, 2023, which resulted in a significant depreciation ...
Naira will appreciate to N1200 against USD – Goldman Sachs
Godman Sachs noted that the policy shift that is catalysed by the Monetary Policy Committee (MPC) decision and the Central ...
BREAKING: CBN Revokes Licences Of Over 4,000 BDCs, Gives Reasons
The CBN said it is revising the regulatory guidelines of BDCs. The move is part of efforts to restore confidence ...
CBN begins sales of dollars to BDCs
Development coming more than two years after the suspended former CBN governor, Godwin Emefiele, stopped the sales of foreign exchange ...
EFCC arrests 7 BDC operators, others in Kano
Despite this, Wada, maintaining that market members operate with licenses, asserted that hoarding is not practiced within the market On ...
EFCC operatives open fire at Abuja dollar market
Mr Tinubu’s strategy to float the naira has backfired and further depreciated its value on the global market The Economic ...
EFCC arrests three suspects for currency racketeering in Kaduna
In a Wednesday statement, the anti-graft agency revealed it had summoned proprietors of private universities and other higher learning institutions ...
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