The Central Bank of Nigeria (CBN) announced it has started selling $10,000 to Bureau De Change (BDC) operators, offering them direct access to US dollars at a discounted rate of N1,021 per dollar.This...
In a recent circular, the Central Bank of Nigeria disclosed that Bureau De Change operators (BDCs) had been assigned $10,000 at N1,251/$1.According to the circular released on Monday, the apex bank st...
The CBN has announced the resumption of the $20,000 daily forex sale to Bureaux De Change (BDCs) after three years of suspension from the official forex window.According to the approved CBN’s record...
In the recent happenings in stabilising the Naira, the Central Bank of Nigeria has reportedly sold over $300 million to Deposit Money Banks in the last two weeks as ongoing measures to strengthen the ...
The Central Bank of Nigeria (CBN) has announced its move to peg the payment of cash dollar purchases to a customer at $500, stating that the foreign currency that exceeds this amount will be made thro...
The naira has been continually gaining little by little against the dollar at the official market. On Wednesday, the naira finished more robustly at the Nigerian Autonomous Foreign Exchange Market (NA...
Africa's leading payment technology, Flutterwave made a special announcement on the launching of Swap. The announcement was made by the CEO and founder of Flutterwave on September 11, 2023, in Lagos, ...
The Association of Bureaux De Change of Nigeria (ABCON) is calling on the Central Bank of Nigeria to give Bureaux De Change (BDCs) digital autonomy to achieve better exchange rate convergence.The Pres...
On Wednesday, August 23, the naira lost against the dollar at the parallel market causing it to fall to N900/$.This fall is coming barely after the naira was sold to the dollar for N960 at the black m...
The Central Bank of Nigeria (CBN) has recently released a list of approved Bureau de Change (BDC) dealers, leaving the Nigerian financial space buzzing with curiosity. In this fresh list, the total nu...