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Tag: bureau de change

Sukuk: FG Borrowed N350bn In Three Years For Road Projects, Says Jaiz Bank

Jaiz Bank
Backs CBN’s move against BDCs The Managing Director/Chief Executive, Jaiz Bank Plc, Mr. Hassan Usman, has disclosed that the Federal Government utilised Islamic financing instruments, particularly the Sukuk, to raiseRead More

FDC: Ending FX Sale To BDCs Disrupts ‘Juiciest Economic Racket’

CBN Governor, Mr. Godwin Emefiele
Says Nigeria spending more on bureau de change than debt service Naira depreciates to N525 on parallel market, stable on I & E window By putting an end to theRead More

ABCON Mobilises Forex Dealers Against Hoarding

Forex
In an apparent response to the sustained spike in the foreign exchange rate in the country, the Association of Bureaux de Change Operators of Nigeria (ABCON) has begun the mobilisationRead More

CBN Releases Banks’ Excess CRR To Spur Economic Recovery

Central Bank of Nigeria (CBN)
Introduces 90-day special bills Dealers, analysts welcome new policy on Diaspora remittances As part of efforts to support economic recovery and propel the quest to return to the growth path,Read More

Naira Set To Gain As CBN Resumes Forex Sales

Naira exchange rate
Forex sales’ resumption to Bureau De Change operators by the Central Bank of Nigeria will strengthen the exchange rate of Naira to US Dollar, according to BDC operators. In aRead More

CBN To Resume Forex Sales To BDCs Sept 7

Central Bank of Nigeria (CBN)
The Central Bank of Nigeria has said it will resume the sale of foreign exchange to the Bureau De Change segment of the foreign exchange market on Monday, September 7th,Read More

Firms Expect Further Naira Depreciation, US Dollar Sells For N440

Naira exchange rate
A report by the Central Bank of Nigeria has said that business organisations in the country expect the Naira to depreciate further in the next few months. The US DollarRead More

CBN Devalues Naira As Market Defies Interventions

Naira exchange rate
The Central Bank of Nigeria has technically devalued the Naira to exchange to the dollar at N380, as market continues to defy all interventions. The apex bank took this decisionRead More

Dollar Exchanges For N374 At Bureau De Change

Dollar exchange rate
The exchange rate of the Nigerian Naira exchanged to the dollar is between N372 and N374 at the Bureau De Change segment of the market on Thursday, March 19th, 2020.Read More