Tag: BDCs

Naira exchanges for N470/$

The naira gained slightly on Friday, exchanging for N470/$ in the parallel market in the evening, after selling at N476/$ in the morning. This followed the Central Bank of Nigeria’s…

Read More Arrow

BDCs to Get Dollars on Resumption of International Flights, says CBN

  Central Bank of Nigeria (CBN) has said it would restart the auctioning of foreign exchange to bureau de change (BDC) operators once international flights resume. CBN Director, Corporate Communications,…

Read More Arrow

Aminu Gwadabe: Why there is forex crisis, sources of forex for BDCs

Alhaji Aminu Gwadabe, the President of Association of Bureau De Change Operators of Nigeria (ABCON),  has given reasons why there is a liquidity crisis in the foreign exchange market while…

Read More Arrow