Naira Falls To 1300/$ At Parallel Market   The naira tumbled to N1,300/$ at the parallel market on Tuesday. This is as it closed trading on the Peer-to-Peer cryptocurrency window at N1,315.3/$1 on the day. An Abuja Bureau de Change operator at Zone 4, Magaji Muhammed, said the...

JUST IN: Dollar Crashes Further Against Naira The United State Dollar on Friday continued it's free fall against the Naira which is now exchanging for 704 Naira to a Dollar. This is a further decline from the 740 Naira it was exchanged for on Thursday. ECONOMIC CONFIDENTIAL...

Travellers To Access $4,000 As CBN 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 supplies. Sources from some of the banks said those travelling on business...

Digital currency Underway- CBN The Central Bank of Nigeria (CBN) has revealed plans to announce the coming on board of digital currency before the end of the year. The apex bank’s Director Information Technology, Rakiya Mohammed disclosed this at the end of 306th Bankers’ Committee Meeting,...

BDC Directors Urge CBN To Review N2 Margin       Bureaux De Change (BDC) directors have called on the Central Bank of Nigeria (CBN) to increase the sales margin of BDCs noting that the N2 margin presently allowed by the apex bank is inadequate. They said the call...

Forex: ABCON Bans Street Hawking, 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 foreign exchange by BDC operators. The President, ABCON, Alhaji Aminu Gwadabe, said this...