Manufacturers under the aegis of the Manufacturers Association of Nigeria Export Group have faulted a recent decision by the Central Bank of Nigeria directing deposit money banks to stop the use ...
Yemi Cardoso, the Central Bank Governor, proudly announced that the Naira has secured the title of the best-performing currency globally as of April 2024. This notable achievement stems from a ...
Olayemi Cardoso, the governor of the Central Bank, announced a shift from crisis management to strategic planning, aiming to stabilize forex. After battling economic woes for six months, including high ...
The Central Bank of Nigeria (CBN) has denied claims that it is selling foreign exchange (FX) to bureau de change (BDC) operators at a rate of N1,001 every $1. The ...
The Central Bank of Nigeria (CBN) has rolled out a new directive impacting all Deposit Money Banks (DMBs), slashing the loan-to-deposit ratio (LDR) to 50%. This notable policy shift, effective ...
The Central Bank of Nigeria, CBN, has reduced the exchange rate in the Bureaux De Change, BDC, segment of the currency market by 12%, or N152.23, to N1,117.5 per dollar, ...
The Association of Bureaux De Change Operators of Nigeria (ABCON), representing all Central Bank of Nigeria (CBN)-licensed Bureaux De Change (BDCs), has urged the apex bank to review its exchange ...
The Central Bank of Nigeria (CBN) has given the green light for the daily sale of $10,000 to approximately 1,588 eligible Bureau De Change (BDC) operators, pegged at N1,101 per ...
The Association of Bureaux De Change Operators of Nigeria has appealed to the Central Bank of Nigeria to adjust and lower its applicable exchange rate below the N1,251/$ it pegged ...
The Association of Bureau De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to reconsider and decrease its applicable exchange rate, currently set at N1,251/$ ...
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