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Despite EFCC raids on BDC hubs, naira falls to N885 per dollar

The naira has dropped to a new low of N885 per dollar at the parallel section of the foreign exchange…

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BDC suspension worsens dollar scarcity says ABCON

The Association of Bureaux De Change Operators of Nigeria (ABCON) says the widening gap between the official and parallel market…

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CBN, BDCs and forex question

The Central Bank of Nigeria (CBN) said the ban of the sale of foreign exchange to the Bureau de Change…

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MAN tasks banks on CBN forex directive compliance

The Manufacturers Association of Nigeria (MAN) has urged commercial banks to comply strictly with the Central Bank of Nigeria (CBN)…

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CBN forex ban to BDCs will check round-tripping – experts

Financial experts say the Central Bank of Nigeria (CBN) ban of foreign exchange sales to Bureau De Change (BDC) operators…

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