CBN Injects Dollars into BDCs at N1,021 per Dollar   The Central Bank of Nigeria (CBN) has announced the sale of $10,000 to each licensed Bureau De Change (BDC) operator nationwide. This marks the second such intervention this month by the apex bank. In a circular addressed to...

CBN Set to Sell $10,000 to BDCs at N1,101 per Dollar  The Central Bank of Nigeria has again announced the sales of dollars to Bureau De Change operators. It disclosed this in a circular uploaded to its website on Monday. The apex bank said it is set...

Naira Appreciates, Sells for N1,600/$ at Parallel Market The naira, on Monday, appreciated to N1,600 per dollar at the parallel section of the foreign exchange (FX) market. It gained 1.23 percent from the N1,620/$ traded reported on March 8. Currency traders in Lagos, also known as Bureau...

Naira Appreciates, Sells for N1,600/$ at Parallel Market The naira, on Monday, appreciated to N1,600 per dollar at the parallel section of the foreign exchange (FX) market. It gained 1.23 percent from the N1,620/$ traded reported on March 8. Currency traders in Lagos, also known as Bureau...

CBN Revokes Operational Licenses of 4,173 BDCs   The Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureaux De Change operators. This, the apex bank said, is in exercise of the powers conferred on it under the Bank and other Financial Institutions Act (BoFIA)...

CBN Revokes Operational Licenses of 4,173 BDCs   The Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureaux De Change operators. This, the apex bank said, is in exercise of the powers conferred on it under the Bank and other Financial Institutions Act (BoFIA)...