CBN Revokes 2,698 BDC Licenses
The Central Bank of Nigeria (CBN) has revoked the licenses of 2,698 Bureau de Change (BDC) dealers following the continuous fall of naira. Daily Report Nigeria reports that the CBN…
CBN Revokes 4,173 BDC Operational Licences
The Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureaux De Change (BDC) Operators due to their non-compliance with regulatory guidelines. CBN'S action was officially communicated in…
CBN Directs BDCs to Sell Dollar at N1,269
The Central Bank of Nigeria (CBN) has issued a directive to Bureau de Change (BDC) operators to sell the US dollar at a fixed rate of N1,269 per dollar in…
CBN Stops Use of Foreign Currency As Collateral For Naira Loans
The Central Bank of Nigeria (CBN) has decided to stop people from using foreign currency as collateral for naira loans. CBN’s Acting Director of Banking Supervision Department, Adetona Adedeji gave…
Dollar to Naira Exchange Rate Today: Black Market Rate Hits N1645
The dollar to naira exchange rate at the black market, also known as the parallel market, has hit N1645 as of September 5, 2024." According to sources at…
CBN Injects $20,000 Into Forex Market To Boost Liquidity
The Central Bank of Nigeria (CBN) has released $20,000 to each Bureau De Change (BDC) operator to provide more liquidity in the foreign exchange market. According to the CBN's…