Tag: Bureau de Change
CBN approves sale of forex to Bureau De Change at N1,301/$
...The CBN says all BDCs are allowed to sell to end-users at a margin ''not more than one percent (1%) above the purchase rate...
Bureau De Change is back, CBN sets new operational mechanism as...
MON, AUGUST 21 2023-theGBJournal |The Central Bank of Nigeria (CBN) weekend unveiled a new of operational mechanism for the Bureau De Change (BDC) operation...
Naira Redesign| EFCC boss, Bawa engages banks’ compliance officers, BDC operators...
WED, 02 NOV, 2022-theGBJournal| The Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa, has sought greater collaboration and partnership with the...
Quick Take: Ban on FX sales to BDCs and the effectiveness...
SAT 31 JULY, 2021-theGBJournal- At the July policy meeting, the Monetary Policy Committee unanimously voted to keep the MPR at 11.5% alongside other key...
Markets Brief: Naira drops 3.5% to N522/US$ in response to BDC...
WED 28 JULY, 2021-theGBJournal-The naira was flat at NGN411.60/USD at the I&E window but depreciated by 3.5% to NGN522.00/USD in the parallel market in...
CBN holds Monetary Policy Rate steady at 11.5% to support economic...
By Audrey Lotechukwu
TUE 27 JULY, 2021-theGBJournal-The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) rose from its fourth meeting of the year today...
Stanbic IBTC Bureau De Change Limited discontinues its Bureau De Change...
By Audrey Lotechukwu
WED 13 JAN, 2021-theGBJournal- Stanbic IBTC Holdings PLC Wednesday said its Bureau De Change Subsidiary, Stanbic IBTC Bureau De Change Limited has...
FX reserves drops by $47.33 million, Naira gains in the forwards...
SAT, 26 SEPT, 2020-theGBJournal-Nigeria’s FX reserves recorded its first weekly decline in five weeks, falling by USD47.33 million w/w to USD35.77 billion. Across the...
