Latest News & Politics

CBN offers Dollar to BDCs at new rate

March 28, 2017 olamilekan 9

It was gathered that the Central Bank of Nigeria has reviewed down the rate at which it was selling dollars to Bureau De Change operators nationwide. Alhaji Aminu Gwadabe, the President, Association of Bureau De […]

No Picture
Latest News & Politics

Crises looms as Travelex, BDC's run out of dollars

December 7, 2016 AdeLove 1

Travelex, a global foreign exchange dealer, authorised by the Central Bank of Nigeria to sell Basic Travel Allowance (BTA) and Personal Travel Allowance (PTA) to intending travellers, has according to investigation run into acute shortage […]

No Picture
Latest News & Politics

CBN resumes dollar sales to BDCs today

August 5, 2016 AdeLove 10

According to reports, the Central Bank of Nigeria (CBN) will today resume dollar sales to Bureaux De Change (BDCs) seven months after it stopped the practice. It stopped the sales last January because of what […]

No Picture
Latest News & Politics

CBN begins enforcement of dollar sales to BDCs

August 1, 2016 AdeLove 7

To increase the volume of dollar in the market and stabilise the naira, the Central Bank of Nigeria (CBN) may compel banks to sell foreign currency proceeds of international money transfers to Bureaux De Change […]