Economy Naira Depreciates at Official Market Amid $465m FX Sales February 7, 2024 Adedapo Adesanya By Adedapo Adesanya The Naira depreciated against the US Dollar in the foreign exchange (FX) market on Tuesday, February 6 despite recent moves by Read More
Economy Suspension of Forex Sales to BDC Operators Hurting Economy—ABCON April 13, 2022 Aduragbemi Omiyale By Aduragbemi Omiyale The Association of Bureaux de Change Operators of Nigeria (ABCON) has said the continued suspension of foreign exchange (forex) to its Read More
Economy Despite 113% Spike in Forex Demand, Naira Gains 27 kobo November 4, 2021 Adedapo Adesanya By Adedapo Adesanya It was a good day for the Naira at the Investors and Exporters (I&E) window of the foreign exchange (FX) market Read More
Economy BDC Operators Blame CBN for Increase in Prices of Food, Others September 7, 2021 Aduragbemi Omiyale By Aduragbemi Omiyale In the past months, the prices of food items, products and services in the country have been on the rise despite Read More
Banking Banks Swing into Action, Set up Teller Points for Forex Sales August 2, 2021 Business Post Contributor By Ashemiriogwa Emmanuel In response to the recent directive from the Central Bank of Nigeria (CBN) that all Deposit Money Banks (DMBs) should make Read More
Economy CBN Creates Special Forex Sales Window for BDC Operators December 2, 2018 Dipo Olowookere By Dipo Olowookere The Central Bank of Nigeria (CBN) at the weekend announced the introduction of a special foreign exchange window for Bureau De Read More