Naira Depreciates at Official Market Amid $465m FX Sales
Adedapo Adesanya By Adedapo Adesanya The Naira depreciated against the US Dollar in the foreign exchange (FX) market on Tuesday,…
forex sales
Suspension of Forex Sales to BDC Operators Hurting Economy—ABCON
Aduragbemi Omiyale By Aduragbemi Omiyale The Association of Bureaux de Change Operators of Nigeria (ABCON) has said the continued suspension…
Despite 113% Spike in Forex Demand, Naira Gains 27 kobo
By Adedapo Adesanya It was a good day for the Naira at the Investors and Exporters (I&E) window…
BDC Operators Blame CBN for Increase in Prices of Food, Others
By Aduragbemi Omiyale In the past months, the prices of food items, products and services in the country…
Banks Swing into Action, Set up Teller Points for Forex Sales
Business Post Contributor By Ashemiriogwa Emmanuel In response to the recent directive from the Central Bank of Nigeria (CBN) that all…
CBN Creates Special Forex Sales Window for BDC Operators
Dipo Olowookere By Dipo Olowookere The Central Bank of Nigeria (CBN) at the weekend announced the introduction of a special…