Arewa Economic Forum Raises Red Flags Over CBN's New BDC Policy: National Security Implications The Arewa Economic Forum (AEF), a leading northern Nigerian advocacy and think-tank, has raised serious concerns over the Central Bank of Nigeria’s (CBN) new Bureau De Change (BDC) recapitalisation policy, describing...

Naira Gains Against Dollar in Both Official, Black Markets ‎The naira appreciated by ₦10.33 against the US dollar across both the official and parallel markets on Friday, June 13, reflecting ongoing volatility in Nigeria’s foreign exchange landscape. ‎In the black market, currency traders in Abuja told...

CBN Debunks Report on BDC Recapitalisation Deadline The Central Bank of Nigeria (CBN) has debunked a news story in circulation suggesting that the Bank has extended the deadline for the recapitalisation of Bureau De Change (BDC) operators to December 31, 2025. The CBN, through its...

‎Naira Holds Firm Against Dollar in Black Market Amid Forex Volatility ‎The naira held steady against the US dollar at the parallel market on Wednesday, June 11, underscoring continued volatility in Nigeria’s foreign exchange landscape. Currency traders in Abuja told Economic Confidential that the naira exchanged...

‎Naira Gains Against Dollar in Both Official, Parallel Markets ‎The naira appreciated by ₦5.33 against the US dollar across both the official and parallel markets on Saturday, May 31, reflecting ongoing volatility in Nigeria’s foreign exchange environment. ‎In the black market, traders in Abuja told Economic...

‎Naira Falls Against Dollar in Black Market ‎The naira continued its downward slide against the US dollar in the parallel market on Friday, May 30, highlighting persistent volatility in Nigeria’s foreign exchange landscape. ‎A source in Abuja’s black market told Economic Confidential that the naira traded...