Browsing: BDCs

The gap between exchange rates at the investors’ and exporters’ foreign exchange window and the parallel market

After significant downward pricing, the Nigerian naira saw a sharp appreciation on Monday against the dominant USD

Naira, the Nigerian local currency, regained balance in what appears like a recovery from a downturn in the foreign exchange

Foreign Exchange rates convergence seeks by the Central Bank of Nigeria

Naira Remains Resilient as CBN Sets to Resume FX Sales to BDCs. Nigeria’s local currency, Naira, maintained strong position this week amidst the apex bank plan to resume its weekly intervention sales.

Resumption of International Flight to Herald FX Sales to BDCs. Analysts at United Capital have noted that resumption of international flight is likely to herald foreign exchange sales to the Bureau De Change (BDCs).

NOVA predicts NAFEX to hit ₦410 as dollar scarcity hinders repatriation. Nova Merchant Bank Limited has predicted that the Nigerian Autonomous Foreign Exchange rate could further weaken to N410 to a dollar.

CBN plays soft on devaluation, says it is adjustment of price. The Central Bank of Nigeria has clarified that it did not devalued the local currency, Naira.