Tag: BUREAU DE CHANGE
CBN slashes bureau de change dollar rate to N360
Barely 24 hours after its directive to Deposit Money Banks (DMBs) in the country to sell foreign exchange obtained from it to retail end-users...
DSS raid worsens dollar scarcity
Suspicion and fear permeated Lagos parallel market on Monday as traders struggle to come to terms with last week’s raid by security operatives.
The situation...
Naira strengthens against dollar
The naira on Friday strengthened against the dollar in all segments of the foreign exchange market.
At the interbank market, the currency gained N1.45 to...
FirstBank now sole forex dealer to BDCs
The Central Bank of Nigeria (CBN) has announced FirstBank the sole authorised dealer for foreign exchange proceeds to licensed Bureau de Change (BDC) operators...
Naira sold at 436 to one dollar
The Naira on Thursday crashed further against the major currencies in all the segments of the market, the News Agency of Nigeria reports.
At the...
Naira at record closing low as dollar shortages linger
The naira was stuck at a record closing low of 292.90 to the dollar on Wednesday after just one transaction was carried out, with...
Bureau De Change operator docked over possession of fake dollars
A 28-year-old Bureau De Change operator, Musa Bukar, who allegedly stole and presented fake $5,000 to a customer, was on Tuesday arraigned at an...
Two DSS operatives arrested, others on the run over N310m robbery
Five Department of State Service (DSS) officials attached to the office of Senate President, Bukola Saraki, have been accused of stealing N310 million.
Five Army...