FX liquidity: CBN approves sale of additional $10,000 to 1,583 eligible BDCs
April 23, 2024 The Central Bank of Nigeria has approved the sale of an additional 10,000 dollars to 1,583 eligible Bureaux De Change (BDCs) operators in the country to meet…
CBN revokes licences of 4,173 BDC operators
March 1, 2024 The Central Bank of Nigeria (CBN), has revoked the licenses of 4,173 Bureaux De Change Operators. The Apex bank announced this in a statement signed by Sidi…
CBN mandates forex sellers above $10,000 to declare sources
The Central Bank of Nigeria (CBN) has mandated foreign exchange sellers to Bureau De Change (BDC) of the equivalent of 10,000 dollars and above to declare their forex sources….
BDC: CBN mandates sellers of $10,000 and above to declare sources
Feb. 24, 2024 The Central Bank of Nigeria (CBN) has mandated foreign exchange sellers to Bureau De Change (BDC) of the equivalent of 10,000 dollars and above to declare their…
Tinubu reforms yielding positive results, says MinisterÂ
Mohammed Idris Minister of Information When President Bola Ahmed Tinubu was sworn in on May 29, 2023, he made far-reaching statements regarding his economic vision for Nigeria. Two policy…
Who is after Godwin Emefiele, by Ahmed Abdulkadir
September 14, 2021 Central Bank of Nigeria, CBN, in recent years always gets the denigration when the economy dithers. It’s becoming a pattern. And the man in the maelstrom of…
Insurgency: Govt has developed cold feet in the fight, fishing out sponsors a major way of ending the war – Former Naval Officer
August 25, 2021 Former Navy Commodore, Kunle Olawunmi (Rtd) on Wednesday hinted that the Nigerian government knows those behind the decade-long Boko Haram insurgency in the country. He made the…
BDCs and forex sales: CBN is right, by Aliyu Momodu
July 29, 2021 Whereas BDCs were created to cater for low forex hunters not exceeding $5000 per day, most BDCs have constantly violated this agreement and have reportedly sold forex…
Emefiele’s re-appointment will sustain FX market stability – BDCs
The Association of Bureau De Change Operators of Nigeria (ABCON), on Friday said that the reappointment of Mr Godwin Emefiele as the CBN Governor for another term will sustain stability…