Tag: forex
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BDC’s strengthen Naira to 512 as banks sell for N412/$1
The naira appreciated against the dollar at the parallel market on Monday as deposit money banks set up foreign exchange teller points for customers...
MAN backs CBN on forex ban to Bureau De Change operators
The Manufacturers Association of Nigeria (MAN) has sided with the Central Bank of Nigeria’s (CBN) decision to stop selling forex to Bureau De Change...
CBN approves $4,000 for travellers to boosts forex supplies
Nigerians travelling abroad can access a maximum amount of $4,000 foreign exchange from the banks following the Central Bank of Nigeria’s announcement to increase...
Forex: BDC association to ban street trading, moves to cut rate
The Association of Bureau De Change Operators has said it will commence what it called ‘Operation No Street Trading’ to stop the hawking of...
Inflation scare as CBN further devalues naira to 410.25/$
The Central Bank of Nigeria officially devalued the naira to 410.25/$ after the country’s currency defied all interventions to retain its value.
However, experts have...
