bureau de change

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    Business $2 billion backlog worries operators as BDCs resume – The Guardian Nigeria News

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    Business Uncertainty over resumption of dollar sales to BDCs – Vanguard News

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    Video Nigeria News Today - January 2020 is no terminal date; Borders will remain shut after then – Customs

    Today's News Highlights Include https://www.nigerianbulletin.com/threads/breaking-apc-suffers-setback-as-appeal-court-sacks-house-of-reps-majority-leader-%E2%80%93-legit-ng.407793/...
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    Business Naira gains 40k against dollar at parallel market – Premium Times Nigeria

    The Naira gained 40k against the dollar at the end of Friday trading, exchanging at N359.6 stronger than N360 traded on Thursday. The Pound Sterling and the Euro closed at N469 and N413 respectively. At the Bureau De Change (BDC) window, the Naira exchanged at … Read more via Premium Times...
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    Naira Pares Losses as CBN Reviews Dollar Rate for BDCs – Thisdaylive

    The naira appreciated Monday as the Central Bank of Nigeria (CBN) approved an upward review of the trading margin for Bureau de Change (BDC) operators in the country. With the review, BDC operators will now buy the United States dollar from the CBN at N357/$ and sell … Read more via...
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    Finance: Nigeria order banks to sell forex to travelers over the counter ahead of summer – Pulse Ng

    As summer approaches, the Central Bank of Nigeria (CBN) has directed financial institutions to make foreign exchange available to customers over the counter to allow travellers have easy access to dollars. The apex bank also mandated all Bureaux de Change (BDCs) to access dollars from the CBN...
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    Naira appreciates against dollar at investors’ window – Vanguard Newspaper

    The Naira on Tuesday appreciated to N360 to the dollar at the investors’ window, after depreciating for five consecutive days. The Nigerian currency gained 54kobo to exchange at N360, stronger than N360.54 traded on Monday, while it was sold at N305.7 to the dollar at the CBN window. …...
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    Business Naira Gains As CBN Sustains FX Intervention

    Nigerian Naira continued to sustain gain at the parallel markets and move closer inch to converge with the Official market rate as the Central Bank of Nigeria (CBN) make steady interventions at the foreign exchange market. The CBN has since February been pumping in dollars in all segments of...
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    Business Naira To Appreciate Stronger In Buhari's Absence

    Strong indications emerged over the weekend that the Central Bank of Nigeria (CBN) is set to inject more foreign exchange through intervention segments of the market thereby heightening expectations that the Naira will appreciate significantly during the week. This development is coming as...
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    Business Dollar Scarcity Forces Naira To 495 At Parallel Market

    The Naira on Thursday depreciated further at the parallel market, ebbing close to the projection of speculators, the News Agency of Nigeria reports. NAN reports that at the twilight of 2016, speculators forecasted that the Naira would exchange at N500 to a dollar. The Nigerian currency lost N3...
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    Business Naira Strengthens to N468 Against US Dollar

    The Naira on Tuesday continued to gain strength against the dollar at the parallel market, first consecutive gains in over two months. At the official inter-bank market, the Naira remain steady at N304.75 from N306.71 posted on Friday. It firmed against the dollar and British pound at the...
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    Business Naira Falls By 3.7% to 375/USD on Black Market

    Dollar shortage worsens as Central Bank of Nigeria delays announcement of more flexible foreign exchange system, Aminu Gwadabe, president of Bureau de Change Operators of Nigeria told Bloomberg by phone. According to him: “Importers that waited to buy dollars at a better rate under a...
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    Business Naira May Drop To N400/Dollar Next Week - BDC

    The Bureau de Change (BDC) operators have released a hint that the naira may fall to 400 against the green back unless something is the currency’s free fall. According to Taiwo Ebenezer, the southwest Chairman of BDC, more than 30,000 Nigerians working with the BDCs have become jobless, as a...
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    Metro Nigeria's Arms Deal: How We Helped Metuh Exchange $2million – Witnesses tell Court

    Two witnesses were brought before a Federal High Court in Abuja, today, told the court how the spokesperson of the Peoples Democratic Party, Olisa Metuh, and his company, Dextra Investments Limited, transferred the sum of $2million allegedly collected from the office of the National Security...