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Manufacturer cautions CBN over sale of dollar to BDCs - Naija247news;

Manufacturer cautions CBN over sale of dollar to BDCs - Naija247news

Naija247newsManufacturer cautions CBN over sale of dollar to BDCsNaija247newsAs the Central Bank of Nigeria (CBN) concludes arrangement to resume sale of dollar proceeds of international money transfer (IMT) to bureau de change (BDC) operators doing business in Nigeria next week, some manufacturers are calling on the apex ...and more »

Why Nigerians do not care about the World Bank's forecast - Ventures Africa;

Why Nigerians do not care about the World Bank's forecast - Ventures Africa

Ventures AfricaWhy Nigerians do not care about the World Bank's forecastVentures AfricaIf you ask an average Nigerian now what the meaning of recession is, the regular response you get is that it is that they heard it from the news. They hardly understand the meaning of what the global community has used to determine whether an economy ...and more »

Naira plunges further as CBN resumes dollar sales to BDCs next week - Vanguard

Naira plunges further as CBN resumes dollar sales to BDCs next weekVanguardLagos – The Naira on Friday depreciated further at the parallel market as dollar scarcity worsened, the News Agency of Nigeria (NAN) reports. Naira may be seeing its worst times as the CBN will be resuming dollar sales to Bureau De Change (BDC) ...and more »

No Plan to Devalue Naira, CBN to BDCs - Nigeria Today;

No Plan to Devalue Naira, CBN to BDCs - Nigeria Today

Nigeria TodayNo Plan to Devalue Naira, CBN to BDCsNigeria TodayThe President, Association of Bureau De Change Operators, Alhaji Aminu Gwadabe, says the Central Bank of Nigeria has told its members that it does not intend to devalue the naira. Got something awesome to share with the world? Click here to share.and more »

CBN recertifies 3147 BDCs, 71 finance houses - Naija247news;

CBN recertifies 3147 BDCs, 71 finance houses - Naija247news

Naija247newsCBN recertifies 3147 BDCs, 71 finance housesNaija247newsThe Central Bank of Nigeria (CBN), yesterday, said that it has recertified 3,147 bureaux de change (BDCs) operators and 71 finance companies (FCs). According to Vanguard investigation, the recertification of the BDCs follows the payment of N786.8 ...and more »

Nigeria naira falls to nearly 500 per dollar on unapproved open market-traders - Reuters Africa

Nigeria naira falls to nearly 500 per dollar on unapproved open market-tradersReuters AfricaLAGOS Jan 13 (Reuters) - The Nigerian naira fell close to 500 against the dollar on the unapproved open retail market due to dollar shortages on Friday as retail currency operators set their quotes for dollar purchases at 399 for next week, traders said.and more »

Naira stays low against dollar, pound in parallel market - NAIJ.COM;

Naira stays low against dollar, pound in parallel market - NAIJ.COM

NAIJ.COMNaira stays low against dollar, pound in parallel marketNAIJ.COMThe Nigerian Naira on Friday afternoon, January 13, stayed unchanged against the major foreign currencies at the parallel market. Recall that the Naira yesterday, edged closer to a landmark 500 units per dollar as it dropped N3 to trade at N495 to the ...and more »

CBN to resume dollar sales to BDCs next week - TV360

CBN to resume dollar sales to BDCs next weekTV360The Central Bank of Nigeria, CBN, says it will resume sales of dollar proceeds of international money transfer (IMT) to bureaux de change (BDC) operators from next week. CBN Governor, Godwin Emefiele, said this during a meeting with executives of ...and more »

CBN to BDCs: We Won't Devalue Naira - Trailblazers Ng (blog);

CBN to BDCs: We Won't Devalue Naira - Trailblazers Ng (blog)

Trailblazers Ng (blog)CBN to BDCs: We Won't Devalue NairaTrailblazers Ng (blog)The Central Bank of Nigeria (CBN) has told Bureau de Change (BDC) operators it does not intend to devalue the naira and will support it at current levels, especially with a recent rise in oil prices, the head of their association said on Thursday ...and more »

Nigeria Central Bank Won't Devalue Naira, Traders' Union Says - Bloomberg

Nigeria Central Bank Won't Devalue Naira, Traders' Union SaysBloombergThe Central Bank of Nigeria has no plans to devalue the naira, the head of a money changers' body said after meeting policy makers. Officials are “not looking at devaluation” as rising oil prices boost reserves, according to the Association of Bureaux ...and more »