News

BDC: CBN’s decision, a wake up call – Lawal

Ihesiulo Grace 14 August 2021 0

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

Business Headlines

CBN bans forex sale to BDC operators

Ihesiulo Grace 28 July 2021 0

*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 […]

Economy

Nigeria’s naira records significant gains against the dollar

Ihesiulo Grace 29 August 2017 0

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 […]

Business

Naira further gains against dollar at parallel market

Ihesiulo Grace 10 March 2017 0

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 […]

Business News

Nigerian Naira loses ground against dollar

Ihesiulo Grace 4 March 2017 0

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 […]