The naira is expected to appreciate further this week following the Central Bank of Nigeria’s approval of dollar sale to Bureau De Change operators.
The CBN has given approvals to First Bank of Nigeria Limited and Travelex, a global foreign exchange company, to commence sale...
First Bank of Nigeria Limited says it has received the approval of the Central Bank of Nigeria to commence the sale of foreign exchange to licenced Bureau De Change operators.
The lender, in a statement said it had strengthened its money transfer services in compliance...
The naira continued its appreciation on the parallel market yesterday as it climbed to N468 to the dollar from N470 to the dollar the previous day, following the implementation of an arrangement that saw the intervention of Travelex in the Bureau De Change (BDC)Â ...
Travelex, a global foreign exchange dealer, will today disburse the sum of $15,000 to each of the 3,000 registered Bureaux De Change operators in the country.
The President, Association of Bureau De Change Operators of Nigeria, Aminu Gwadabe, said this in a statement.
He said with...
The naira continued to crash on the parallel FX market on Tuesday as it fell to N452 to the dollar, lower than the N445 to the dollar from the previous day as demand for the greenback continued to outweigh supply.
The spot rate of the...
The naira was sold at the parallel market for 440 per dollar on Sunday, as the lingering foreign exchange scarcity increased to a new level.
The local currency, which closed at 436/dollar on Thursday, eased to 435 in the early hours of Friday. It closed...
