Monday, September 21, 2020
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CBN to BDCs: We Won’t Devalue Naira

  The Central Bank of Nigeria (CBN) has told Bureau de Change (BDC) operators in the country that it does not intend to devalue the...

GTBank Slashes Monthly Spending Limit on Naira MasterCard, Bans Use of...

The difficulty in accessing foreign exchange has dealt more blows to usage of credit cards in Nigeria and outside the country as banks have...

CBN Jerks Up Dollar Sale Limit to BDCs to $50,000

The Central Bank of Nigeria (CBN) has increased the amount that banks can sell to Bureaus De Change (BDCs) from $30,000 to $50,000. Managing Director...

Naira May Rebound as Banks Begin Sale of Forex to BDCs

Naira, Nigeria's currency may soon be on the rebound as banks began moves to sell foreign exchange to Bureau De Change (BDC) operators. The News...

CBN Directs Banks to Sell Forex to BDCs

Bureau De Change operators in the country will heave a sigh of relief as the Central Bank of Nigeria (CBN) has directed agent banks...

New Forex Policy: CBN Denies Plans to Resume Dollar Sale to...

By Akin Akinremi The Central Bank of Nigeria (CBN) has given a lie to claims by the Bureau De Change operators (BDC) that the apex...
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