Browsing: BDCs

CBN Injects $150m to Boost Nigerian FX Market Liquidity The Central Bank of Nigeria (CBN) has injected a total of…

CBN Extends Recapitalisation of BDCs to December Central Bank of Nigeria (CBN) has extended the deadline for the Bureau De…

Naira Depreciates to N1590 as Gross External Reserves Decline The naira depreciated against the US dollar across foreign exchange (FX)…

CBN Extends Deadline for Temporary FX Sales to BDCs Operators The Central Bank of Nigeria (CBN) has extended the Foreign…

The Central Bank of Nigeria (CBN) has opened a temporary window that allows Bureau de Change (BDC) operators access to stock up US dollars at an official or Nigerian Foreign Exchange Market rate to meet seasonal demand.

The naira exchange rates worsen further across forex markets on Tuesday as the apex bank remained unfazed about the local currency’s two-week free fall. The exchange rate worsened in the official window for eligible FX demand.

The Nigerian naira trended positively against the dominant foreign currency, the US dollar, across forex markets due to efforts by the Central Bank to stabilise

The naira rallied marginally on Thursday as the volume of the US dollar at the Nigeria autonomous foreign exchange

The Nigerian naira reclaimed further value at the autonomous foreign exchange market at the beginning of the week

The naira exchange rate depreciated by 1.80% to close at N890.54 per US dollar at the Nigeria Autonomous Foreign…