BDCs Seek Extension Of January Deadline For Licence Renewal The Association of Bureaux De Change Operators of Nigeria, the umbrella body of over 3,500 BDC operators licensed by the Central Bank of Nigeria in the country, has called on the regulator to extend the January...

BDCs Seek Forex Rate Convergence The Association of Bureaux De Change Operators of Nigeria (ABCON) has called for an emergency meeting of its members to discuss critical issues in the foreign exchange (forex) market. Top on the agenda is the convergence of Bureau De Change (BDC)...

Central Bank of Nigeria, CBN, has reaffirm its determination to sustain the resurgence of the Naira via continuous provision of foreign exchange to ensure Naira gains further strength as well as been available to end users. This is as the apex bank reiterated that...

The Association of Bureau De Change Operators of Nigeria (ABCON) has asked for a N10 margin per dollar from the Central Bank of Nigeria (CBN). Granted, ABCON said, it could check operators’ tendency for round tripping. The group resolved to self-regulate to expose erring members,...

The Central Bank of Nigeria, CBN has directed banks to sell dollars for invisible transactions such as personal travel allowance, business travel allowance, school fees and others at N360 per dollar. For this purpose, the apex bank released $85 million for sale to banks...

Hopes of unanimity of positions and harmony of fiscal and monetary policies appear dim following an alleged demand for a review of the powers of the Central Bank of Nigeria, CBN, by the Ministry of Finance. Minister of Finance, Mrs. Kemi Adeosun and Governor...