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UPDATED: CBN moves to reduce dollar exchange rate, issues new guidelines to BDCs
“Where Operators do not have any transaction within the period, they are expected to render nil returns,” the circular said.
Tag: Bureau De Change Operators
Naira gains at black market
The currency declined Monday at the official market.
Naira climbs after forex ban storm
The currency gained in the official and the black market segments Friday.
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ANALYSIS: CBN forex ban will likely raise prices further. Here’s how it’ll affect you
Some worry the move may further weaken the naira, but experts say the policy is necessary to curtail illicit forex ...
Naira falls after CBN stops forex sales to BDCs
The CBN says it will not sell dollars to BDCs because they had become a conduit for illicit forex flows ...
Naira slumps despite resumption of forex sales to BDCs
The Nigerian currency last Friday appreciated from N480 against the United States’ dollar to N420.
CBN’s new rule on bureau de change operators difficult to implement – Official
The CBN had on November 2 introduced new code of corporate governance rules for BDCs.
Naira to exchange at N415 to dollar – Bureau De Change operators
“Currency speculators and hoarders would suffer more losses as the CBN injects more dollars to the interbank market."
Nigeria politicians cause high dollar exchange rate – BDCs
A dollar goes for about N220.
