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BDCs

Naira strengthens as deregistration of BDCs over recapitalisation failure looms

THE naira gained strength on Tuesday, June 3, amid concerns that there could be possible deregistration of some licensed...

CBN restricts BDCs’ $25,000 FX weekly purchase to single dealer

THE Central Bank of Nigeria (CBN) has directed Bureau de Change (BDCs) operators to purchase up to $25,000 weekly...
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CBN fixes $100,000 minimum trade for banks on forex platform

THE Central Bank of Nigeria (CBN) has set a minimum trade value of $100,000 for interbank foreign exchange trading...

CBN resumes dollar sales to BDCs at N1,021/$ amid naira slight depreciation

THE Central Bank of Nigeria (CBN) has resumed fresh dollar sales to Bureau De Change (BDCs) at N1, 021/$,...
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Naira appreciates to 7.2% against dollar at official market

ON Friday, April 12,  the official market saw a sharp increase in the value of the naira, which traded...

We get dollar from CBN below market rate at N1,101/$ – BDCs

THE Association of Bureau De Change Operators of Nigeria (ABCON) has confirmed that the Central Bank of Nigeria (CBN)...
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