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BDCs

Business and Economy

CBN licenses 82 BDCs, warns against patronising unlicensed operators

THE Central Bank of Nigeria (CBN) has granted final licenses to 82 Bureaux De Change (BDCs) to operate with...
Harrison EDEH -
Business and Economy

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...
Ehime ALEX -
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Business and Economy

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...
Ehime ALEX -
Banking and Finance

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...
Harrison EDEH -
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Business and Economy

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/$,...
Harrison EDEH -
News

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...
Fatimah QUADRI -
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