Travelex, ABCON Target $20bn Remittances In New Partnership   Travelex Nigeria and the Association of bureaux De Change Operators of Nigeria (ABCON) are scripting a strategic partnership that will enable the nation’s Bureau de Change (BDC) operator to access the more than $20 billion yearly Diaspora...

Currency retailers and experts have said the naira will trade slightly below 500 per United States dollar this week despite the commencement of the sale of foreign exchange to Bureau De Change operators by the Central Bank of Nigeria last week. The CBN had through...

Naira Before falling to 487 on Friday, the local currency had consecutively closed flat at 485 for four days last week. The severe shortage of the dollar has put the naira under persistent pressure at both the official and parallel forex markets. The global crash in the...

The naira closed flat at 470 against the United States dollar on Monday, the same level it recorded on Friday. The naira had plunged to 470 on Wednesday, down from 455 on Tuesday as fresh dollar shortage hit the official and parallel forex markets. The local...

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...

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...