Bureau De Change

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CBN mandates BDCs to cap forex profit at 1.5%

The Central Bank of Nigeria(CBN) on Thursday directed Bureau De Change (BDCs) operators to sell forex at a maximum profit…

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AEPB goes tough on BDC: Demolish shanties at zone 4 city center

By Idu Jude In what seems like a declaration of war against the operators of Bureau de change in the…

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Naira sustains fall at parallel market

The Naira on Thursday dipped further at the parallel market in Lagos against the dollar. It lost N6 from N562…

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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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Don lauds CBN’s decision to stop forex supply to BDCs

Prof. Uchechi Ogbuagu, Department of Economics, University of Calabar, has commended the Central Bank of Nigeria (CBN) for stopping the…

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Why CBN stopped sales of forex to Bureau de Change

The Central Bank of Nigeria (CBN) on Monday announced immediate discontinuation of sale of Foreign Exchange (forex) to Bureau de…

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Economists evaluate Nigeria-China currency swap

Some Financial Economists have expressed great concerns on the minor influence that the Nigeria-China currency swap had  on the country’s…

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