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Forex: Court Strikes Out Charge Against 19 BDC Operators
Justice Lewis Allagoa of a Federal High Court in Lagos, on Monday, struck out the charge against 19 Bureau De Change (BDC) Operators,...
CBN Allocates $20,000 To BDCs To Meet Demands
The Central Bank of Nigeria (CBN), on Tuesday approved allocation of 20,000 dollars to all eligible Bureau De Change (BDCs) within the country....
Clear Forex Backlog To Boost Naira Confidence, Lemo Tells CBN
A former Deputy Governor, Central Bank of Nigeria, Dr Tunde Lemo, has advised against the free floating of the naira. He said this...
Forex Policy Widened Exchange Gap By N300 – ABCON
forex The President, Association of Bureau De Change Operators of Nigeria, Aminu Gwadabe, has said the unorthodox foreign exchange policy of the Central Bank...
Bankers, Private Sector Seek Increased Forex To Manufacturers
The Association of Corporate Affairs Managers of Banks and the Chartered Institute of Bankers of Nigeria have urged the Central Bank of Nigeria...
Airfares Surge By 52% Over Forex, jet-A1 Crisis
The average airfare paid by passengers on specified routes for a single journey has increased by 52 per cent in the past 12...
Banks Comply With CBN FOREX Directive, Sell Dollar At N412
In compliance with the new Foreign Exchange (FX) regulation by the Central Bank of Nigeria (CBN), commercial banks in Abuja have set up...
$11.5bn Injected Into Forex Market In Q1 – CBN
The Central Bank of Nigeria injected $11.5bn foreign exchange into the economy in the first three months of 2020. Latest figures from the...
