In Abuja, a recent social media frenzy sparked by claims of the US Dollar exchanging for as high as N1,000 has been debunked by Bureau De Change (BDC) operators. Viral posts circulating on platforms like Facebook and X suggested that the Dollar was commanding prices between N900 and N1,000 at...
The Association of Bureaux De Change Operators of Nigeria (ABCON) on Wednesday listed recipes for a stronger naira and a more stable exchange rate in 2018. Alhaji Aminu Gwadabe, President of ABCON, said the recipes were agreed at a meeting of the operators in Lagos. Gwadabe urged the CBN to...
Nigerian naira may stabilise on the parallel market after international money transfer agencies started selling dollars to Bureau De Change operators in line with the Central Bank of Nigeria directive.
The naira was quoted at 473 to the dollar on the black market on Friday, compared with 480...
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The Naira on Monday depreciated marginally against the dollar, exchanging at N346/$, the President of the Association of Bureau De Change Operators of Nigeria, Alhaji Aminu Gwadabe, has stated.
This follows the launch of the interbank market by the Central Bank of Nigeria, CBN on Monday...
The Central Bank of Nigeria has made a definitive move to end round-tripping, double-dealing and other practices of unwholesome gaining from the country's foreign exchange market.
Round-tripping is the illegal sale of foreign exchange sourced from official market into the unofficial segment of...
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