The Central Bank of Nigeria (CBN) has approved the re-entry of licensed Bureau De Change (BDC) operators into the Nigerian Foreign Exchange Market (NFEM), permitting each to buy up to $150,000 weekly. The approval, contained in a circular dated February 10, 2026, and signed by Dr Musa Nakorji, Director of the Trade and Exchange Department, […]
Joy Obakeye An Expert from CircleHills, a financial company, that provides foreign exchange services and licensed to operate in Nigeria as a Bureau De Change, have spoken on the recent decision of the Apex bank, Central Bank of Nigeria, to discontinue sale of weekly foreign exchange (FX) to the Bureau De Change (BDC) segment of […]
*As MPC holds all monetary parameters constant *Expert hails apex bank for decision Philip Clement, Abuja Henceforth, there would be no more forex available to Bureau de Change operators as the Central Bank of Nigeria has banned sales of foreign currencies to the operators. The CBN Governor, Mr. Godwin Emefiele, announced this at the end […]
The Nigerian naira has made interesting improvement against the dollar as it continues its recovery. The Naira Tuesday appreciated against the dollar at the parallel market. The Nigerian currency gained N2 to exchange at N365 to the dollar, stronger than N367 posted on Monday while the Pound Sterling and the Euro closed at N475 and […]
The Naira on Thursday marginally appreciated against the dollar at the parallel market.. The Nigerian currency gained three points to exchange at N462 to a dollar, after it closed at N465 on Wednesday, while the Pound Sterling and the Euro closed at N550 and N477, respectively. At the Bureau De Change (BDC) window, the Naira […]
The Naira on Friday depreciated against the dollar at the parallel market after posting days of appreciation. The nation’s currency lost N7 to exchange at N465 to a dollar after closing at N458 on Thursday, while the Pound Sterling and the Euro traded at N542 and N480. At the Bureau De Change (BDC) window, the […]