BDCs In ‘No Error Mode’ As FATF Visit Beckons
There is no doubt that a lot has happened with the Bureau De Change (BDC) segment of the nation’s foreign exchange (forex) market.
They are regarded as the weakest link and most implicated, whether true or false...
CBN Partners Travelex To Enhance BDCs’ Role In Economy
The place of Bureau De Change (BDC) industry in the economy of Nigeria cannot be over-emphasised because it plays important roles and the government has special interest in the activities of operators in the sub-sector.
Travelex Nigeria...
Forex: CBN Okays Wider Margin For BDCs
...Boosts Liquidity With $210m
The Central Bank of Nigeria has approved an upward review of the trading margin available to operators of Bureau De Change in the country.
The Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okorafor, confirmed this...
Dollar Sells At N362.5Â at parallel market
The Naira on Tuesday maintained N362.5 to the dollar at the parallel market, the News Agency of Nigeria (NAN) reports.
The Pound Sterling and the Euro closed at N480 and N430.
At the Bureau De Change (BDC) window, the Nigerian...
The naira continued to regain strength and appreciate in value in the parallel market on Tuesday as it was sold for N425 to a dollar.
However, it was N450 to a dollar at the close of transactions on Monday.A survey carried out by the News...
Despite last week’s raid and arrest of some licensed currency dealers who were said to be selling foreign exchange (FX) above the prescribed limit, the naira appreciated on both the interbank and parallel segments of the market.
Precisely, on the interbank FX market, the spot...
