The naira recorded significant depreciation against the haven currency in a matter of few weeks despite the recent decline in the US dollar index, influenced by...
The Central Bank of Nigeria (CBN) has notified Bureau De Change (BDC) operators of the sale of $10,000 at the rate of ₦1,021/$1. The notification of...
The Association of Bureau De Change Operators of Nigeria, ABCON, has told the Central Bank of Nigeria, CBN, to ban non-oil export domiciliary account holders from...
The Nigerian Naira experienced a notable appreciation, reaching N1,245 per dollar in the parallel market on Friday, surpassing the official and Bureau De Change (BDC) segments’...
The President of the Association of Bureaux de Change Operators of Nigeria, ABCON, Aminu Gwadabe, says the Naira appreciated by N660 against the US dollar since...
Bureau De Change operators have debunked the report making rounds on X (formerly Twitter), that the dollar is now selling at N1,000 at parallel market. Naija...
Contrary to social media reports making the rounds on Facebook and X (formerly Twitter), claiming that a US Dollar was exchanging for between N900 and N1,000...
A financial analyst, Kalu Aja has said the Naira appreciation in the foreign exchange market is due to FX intervention by the Central Bank of Nigeria...
The Central Bank of Nigeria (CBN) released a circular to Bureau De Change (BDC) operators, announcing sales of $10,000 to each BDC at N1,251 per U.S....
The Centre for the Promotion of Private Enterprise said revoking 4,173 Bureau De Change operator licenses by the Central Bank of Naira is good for the...
Bureau De Change (BDC) operators are essential stakeholders in the foreign exchange market in Nigeria as the average Nigerian sources their forex needs from the black...