Tag: Bureau De Change

Yuletide: Naira will sustain stability, says BDC operator

Arowobusoye Samuel- December 23, 2018

(ABCON) has predicted that the Naira will sustain its stability as the nation’s foreign exchange market winds down for the Yuletide. Gwadabe told the News ... Read More

Naira closes at N362.30 to dollar at investors’ window

admin- August 15, 2018

Naira closes at N362.30 to dollar at investors’ window The Naira on Wednesday closed at N362.30 to the dollar at the investors’ window, with investors ... Read More

Naira loses against dollar at parallel market

admin- July 6, 2018

Naira loses against dollar at parallel market The Naira on Thursday lost marginally against the dollar at the parallel market in Lagos, exchanging at N359.2 ... Read More

Naira Rebounds Against Dollar At Parallel Market

Abdul Jimoh- July 24, 2017

Naira Rebounds Against Dollar At Parallel Market The Naira on Monday regained strength against the dollar at the parallel market, the News Agency of Nigeria ... Read More

Expert Says Naira To Remain Stable As CBN’s Interventions Cripple Speculators

Abdul Jimoh- July 13, 2017

Expert Says Naira To Remain Stable As CBN’s Interventions Cripple Speculators Alhaji Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria (ABCON), said ... Read More

CBN injects $142.5m into foreign exchange market

inno.korie- July 10, 2017

The Central Bank of Nigeria (CBN) on Monday injected 142.5 million dollars into the inter-bank foreign exchange, days after intervening in the retail segment of ... Read More

Exchange Rate Latest: Naira Makes New Gains Against The Dollar

Arowobusoye Samuel- May 4, 2017

Fabian Ekeruche, NAN: The naira on Thursday appreciated marginally against the dollar at the parallel market at N390 to the dollar, according to NAN reports. ... Read More

Just In: Authorized FOREX Dealers Unable To Subscribe To $100m Offered by CBN

Tanimu- May 4, 2017

The Central Bank of Nigeria (CBN) says authorized dealers were able to subscribe to $65.94 million out of the $100 million offered by it at ... Read More

Dollar Loses To The Naira, Closed at 398 Naira to Dollar

Arowobusoye Samuel- April 19, 2017

Fabian Ekeruche: The Naira firmed against the US dollar at the parallel market on Tuesday, closing at N398 to the dollar, as the Central Bank ... Read More

Naira Gains Against Dollar Again

Abdul Jimoh- March 22, 2017

Naira Gains Against Dollar NAN, Abuja; The continuous Central Bank of Nigeria’s (CBN) intervention in foreign exchange (forex), has caused the Naira to hit the ... Read More

Naira/Chinese Yuan Swap Will Boost Economy – Bureau De Change

Henry Solomon- April 16, 2016

Alhaji Ibrahim Yelwa, a bureau de change operator in Sokoto, says the recent currency swap agreement between Nigeria and China will boost bilateral trade between ... Read More

EFCC Witness Tells CCT ‘$10,000 Was Lodge Into Saraki`s Account 18 Times’

Henry Solomon- April 7, 2016

Economic and Financial Crimes Commission (EFCC) on Wednesday told the Code of Conduct Tribunal that the sum of 180,000 dollars was lodged into Sen. Bukola ... Read More

Naira Trades N370 To Dollar At Parallel Market, Appreciates By N20

Henry Solomon- February 23, 2016

The Naira appreciated by N20 on Monday, exchanging for N370 to the dollar at the parallel market. The News Agency of Nigeria (NAN) reported that ... Read More

Autonomous Sources Control Prices of Dollars In Banks, BDCs – CBN

Henry Solomon- February 19, 2016

The Central Bank of Nigeria (CBN) says autonomous sources such as exporters and correspondent banks now control the price of dollars in banks and the ... Read More

We Will Prosecute Bureaux De Change Involved In $2.1bn Arms Scandal ~ EFCC

Abdul Jimoh- January 6, 2016

    Acting Chairman of Economic and Financial Crimes Commission, Ibrahim Magu, has said that no Bureau De Change operator involved in the ongoing $2.1bn ... Read More