BDCs in great mood as CBN resumes forex sales to them Sept 7
Businessam Staff
August 28, 2020
Bureau de change houses are in a great mood after the Central Bank of Nigeria said it would resume the sale of foreign exchange to
Banks, firms groan as forex scarcity affects payment obligations
Aderemi OjekunleAugust 18, 2020
BY: Moses olajuwon Obajemu Banks and other firms in the country have been groaning over their inability to raise enough forex to meet
Money laundering: FATF to screen banks, BDC, others
Businessam StaffAugust 20, 2019
The global body that sets standard for anti money laundering (AML/CFT) efforts, the Financial Action Task Force team, will assess
CBN moves to stabilize naira, pumps $543m, ¥63m into forex market
Businessam StaffAugust 27, 2018
*Retail segment receives $323m boost *Wholesale segment gets $100m *SMEs, Invisibles get $55m each In another major round of
Three forex windows benefit from CBN intervention targeting rates stability
Businessam StaffApril 24, 2018
Three windows of Nigeria’s foreign exchange market benefited from a Central Bank of Nigeria intervention Tuesday, that was
Bureaus De Change automation, an imperative for customer verification
Businessam StaffAugust 9, 2017
Bureaus De Change (BDCs), as critical stakeholders in the Foreign Exchange (FOREX) Market, are known for the sale of small volumes of
Nigeria banks’ quote using investors’ window seen moving towards single naira rate
Businessam StaffAugust 3, 2017
A move on Wednesday that saw Nigerian banks using the naira exchange rate at the Investors’ and Exporters’ foreign exchange window was
Naira appreciates 0.27% at parallel market, slumps 0.02% at interbank as CBN injects $418m Tuesday
Businessam StaffJune 13, 2017
The naira Tuesday had mixed fortunes at the foreign exchange market, appreciating by 0.27 percent at the parallel and recording marked