CBN Lifts Ban On BDCs, Introduces New Operational Mechanism
With the aim of boosting the operational efficiency of the Nigerian Foreign Exchange Market, the Central Bank of Nigeria (CBN) has introduced a series of operational adjustments for the Bureau…
[News] : Naira exchanges at N500/dollar at parallel market
The Naira on Thursday solidified its increases against the dollar at the parallel market, few days after the CBN declared another forex approach. The Nigerian cash traded at N500 to…
[News] : Adopting Uniform Exchange Rate for Naira Stability
With the drop in unrefined petroleum costs and outside stores comes the deterioration of the naira at both official and parallel markets. To accomplish reasonable estimating and soundness for the…
[News] : DSS raid: BDCs hoard forex, as dollar falls to N393
Following last Thursday’s raid and arrest of some Bureau De Change (BDC) operators by operatives of Department of State Security (DSS), black market operators are now hoarding foreign currencies since…