Following the controversy over a directive by the Central Bank of Nigeria to Bureau De Change operators to henceforth access foreign exchange, particularly the United States Dollar, at least three ...

By Obinna Chima The Central Bank of Nigeria (CBN) yesterday explained that its directive to banks that act as agents of international money transfer operators to commence the sale of foreign currency remittances to licensed Bureau De Change (BDC) operators was aimed at achieving exchange rate convergence.

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The Central Bank of Nigeria (CBN) has directed all forex dealers – most of whom are deposit money banks – to begin the allocation of 60 percent of their transacted foreign exchange to manufacturers.

The Central Bank of Nigeria (CBN) on Sunday directed all commercial banks and Bureau de Changes (BDCs) to sell foreign exchange (Forex) to all eligible travelers over the counter, regardless of ...

The Central Bank of Nigeria head office in Abuja. The directives of the CBN was contained in a press statement entitled, “Sales of Forex across the counter,” and signed by Acting Director ...

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Deposit Money Banks have yet to comply with the Central Bank of Nigeria’s directive asking them to sell $50,000 from Diaspora remittances to Bureau De Change operators on weekly basis, the ...

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The Association of Bureau de Change Operators of Nigeria (ABCON), has described the Central Bank of Nigeria (CBN’s) directive for Bureau de Change operators to buy $20,000 three times a week as ...

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The Central Bank of Nigeria (CBN), has slashed the rate at which it sells dollars to Bureaux De Change (BDCs) in Nigeria to N360 and directed the BDCs to sell to end users at not more than N362. The slash came 24 hours after the CBN directive to banks in the country to sell foreign exchange ...

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All Nigerians intending to travel overseas can now buy forex over the counter with the presentation of passports and air tickets as a new directive from the Central Bank of Nigeria (CBN) on Saturday evening has mandated all Deposit Money Banks (DMBs) to comply with respect to the new directive.

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Bureau De Change Operators in Nigeria were, Monday, warned to desist from sharp practices in the foreign exchange market to avoid losing money.

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Nigerians travel-ling overseas can now heave a sigh of relief following the release of new Central Bank of Nigeria (CBN) directives that make it much easier for people in this category to access ...

The Central Bank of Nigeria (CBN) has introduced new measures aimed at tightening the licensing and operation of Bureau de Change (BDC) in the country.

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The Central Bank of Nigeria (CBN) has directed Other Financial Institutions (OFIs) to place all accounts without Biometric Verification Number (BVN) on a ‘post no debit’ status.

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Bureaux de Change (BDCs) operators yesterday rejected Central Bank of Nigeria’s (CBN’s) directive that operators make at least three dollar purchases weekly or be sanctioned.

Obinna Chima. The naira appreciated Monday as the Central Bank of Nigeria (CBN) approved an upward review of the trading margin for Bureau de Change (BDC) operators in the country.