Managing Director of Highcap Securities Limited, David Adonri has raised concerns over CBN’s handling of the Naira floating policy, stating that it has failed to...
The Association of Bureau De Change Operators of Nigeria (ABCON) has said that the recall of Bureau De Change operators (BDCs) into the mainstream forex market...
Bureau De Change (BDC) operators have debunked reports that the dollar is now selling at N1,000 at the parallel market. Reports making the rounds...
The Central Bank of Nigeria (CBN) is considering banning Bureau De Change (BDC) operators from street trading and limiting the cash payment for selling...
The naira fell to an all-time low of N950 to a single dollar at the parallel market on Thursday afternoon, representing a N53 or...
The exchange rate between the naira and dollar is being quoted for as high as N860/$1 on the black market following increased demand. The...
The Central Bank of Nigeria (CBN) has revoked licenses of 2,698 Bureau De Changes (BDCs), leaving only 2,991 BDCs to continue in operations....
At the backdrop of sustained supply gap in Nigeria’s foreign exchange (forex) market, the local currency, Naira, has hit a new low at the weekend, trading...
BDC operators have reacted to the dwindling fortune of the Naira at the foreign exchange market since the unification of Nigeria’s foreign exchange market, consolidating all...
The exchange rate at the parallel market fell to another new 3-year low closing at N472/$1 on Monday, July 20, 2020. However, on the officially recognized...
