As of today, 18th October 2024, the exchange rate for the U.S. dollar to the Nigerian naira in the black market, also known as the parallel market, continues to fluctuate. ...
The Central Bank of Nigeria (CBN) has approved the allocation of $20,000 to eligible Bureau de Change (BDC) operators at an exchange rate of ₦1,580 per dollar. This information was ...
The Central Bank of Nigeria (CBN) has reported that 935 eligible Bureau De Change (BDC) operators in the North West region are currently receiving foreign exchange (forex). During the Kano ...
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 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 Central Bank of Nigeria (CBN) has taken a decisive step to address the persistent distortions in Nigeria’s foreign exchange market, aiming to narrow the widening gap in exchange rates. ...
The Central Bank of Nigeria (CBN) is contemplating measures to prohibit Bureau De Change (BDC) operators from engaging in street trading and to impose a maximum cash purchase limit of ...
The Central Bank of Nigeria (CBN) is contemplating a substantial increase in the minimum share capital requirement for Bureau De Change (BDC) operators, proposing N2 billion for Tier 1 licenses ...
The Association of Bureau De Change Operators of Nigeria (ABCON) has made an emotional plea to the Central Bank of Nigeria (CBN) to grant permission for Bureau De Change operators ...
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