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Business

CBN sells FX to BDCs at N1,251/$1

The Central Bank of Nigeria (CBN) has sold $10,000 to all eligible Bureau De Change (BDC) operators in the country at the rate of...
Politics

Obi cautions Tinubu against blaming BDCs for naira’s free fall

The presidential candidate of the Labour Party in the 2023 General Election, Peter Obi, has cautioned President Bola Tinubu and government agencies against the...
Business

Three years after, CBN resumes dollar sales to BDCs

In a move to stabilize the naira and narrow the gap between the official and unofficial foreign exchange rates The Central Bank of Nigeria...
Business

To Tackle Forex Crisis, CBN moves To Increase BDCs Operating License From N35m To N2bn

In a bid to tackle the foreign exchange crisis facing the Nigerian economy, the Central Babk of Nigeria on Friday unveilled plans to increase...
Business

To Tackle Forex Crisis, CBN To Increase BDCs Operating License From N35m To N2bn

In a bid to tackle the foreign exchange crisis facing the Nigerian economy, the Central Babk of Nigeria on Friday unveilled plans to increase...
Business

ABCON Blames Naira Depreciation On Illegal BDC Operators, Says Association Unhappy With Forex Crisis

The Association of Bureau de Change Operators (ABCON) of Nigeria has said that it is not responsible for the crash of the naira at...
Business

CBN’s Decision To Lift Forex Ban On 43 Items Will Increase Value Of Naira- Experts

Some finance and economic experts have said that the decision of the Central Bank of Nigeria (CBN) to discontinue the forex exclusion policy on...
Business

FX volatility: BDCs’ reintroduction triggers divergent expectations

Barely one month after the Central Bank of Nigeria (CBN), reintroduced Bureau De Change (BDC) in its foreign exchange framework, the parallel market operators...
Business

ANALYSIS: The pros and cons of CBN’s new regulatory mechanism for BDCs

The Central Bank of Nigeria (CBN) has announced a number of operational modifications for the Bureau De Change (BDC) segment in an effort to...
Business

CBN releases new guidelines for forex sale by BDCs two years after ban

The Central Bank of Nigeria (CBN) on Friday released fresh guidelines for the sale of foreign exchange by Bureau De Change (BDC) operators in...
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