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CBN sells $20,000 to Bureau...

CBN sells $20,000 to Bureau De change...

Dollar to naira exchange rate...

Dollar to naira exchange rate hits N1614...

CBN sells $20,000 to Bureau De change at new rate as naira falls

CBN sells $20,000 to Bureau De change at new rate as naira falls Story from Jane AISO The Central Bank of Nigeria (CBN) has announced it will sell $20,000 each to eligible Bureau De Change (BDC) operators at a new rate of N1,580 to a dollar. This decision is aimed at increasing liquidity in the forex market and addressing the recent depreciation of the naira. Dr. Williams Kanaya, the Acting Director of the Trade and Exchange Department at the CBN, stated that the sale is intended to meet the demand for invisible transactions...
Usman Umar -
Finance

CBN sells $20,000...

CBN sells $20,000 to Bureau De change at new rate as naira falls Story from Jane AISO The Central Bank of Nigeria (CBN) has announced it...
Usman Umar -
Business & Economy

Dollar to naira...

Dollar to naira exchange rate hits N1614 at parallel market The US dollar to naira exchange rate at the black market now sells at N1614...
Hafsat Aleeyu Muye -
Crime

Borno court sentences...

Borno court sentences fake BDC operator to 1 year imprisonment A Federal High Court in Maiduguri, Borno State, has sentenced one Bana Alhaji Lawan to...
Neptune Prime -
Nation

FCT administration demolishes...

FCT administration demolishes illegal structures at Bureau De Change headquarters The Federal Capital Territory Administration, through its City Management Team, has demolished shanties at the...
Neptune Prime -
Business & Economy

Naira plunges low...

Naira plunges low at foreign exchange market despite security measures The Nigerian Naira has further decreased at the parallel market despite clampdowns by the federal...
Neptune Prime -
Business & Economy

ONSA, CBN collaborate...

ONSA, CBN collaborate to end illegal activities within Nigeria's Foreign Exchange Market Office of the National Security Adviser (ONSA) and the Central Bank of Nigeria...
Neptune Prime -
Business & Economy

CBN warns Nigerians...

CBN warns Nigerians against circulation of fake naira notes The Central Bank of Nigeria (CBN) has warned Nigerians about fake naira banknotes in circulation amid...
Gift Luckson -
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