BDC Operators Urge CBN to Lower Exchange Rate Amid Rising Disparities
The Association of Bureaux De Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria (CBN) to ...
Tag: Exchange Rate
Naira Surges Against Dollar: Hits N1278.58/$1 at Official Window, N1250/$1 on Parallel Market
The naira witnessed a notable surge against the US dollar during Tuesday's trading session, marking significant gains both at the ...
Customs FX Rate for Import Duties Surpasses Official Market Rate, Reaching N1,330/$
The current exchange rate for customs import duties and cargo clearance payments has surpassed the official foreign exchange market rate ...
Naira Dilemma :Analyzing CBN’s Strategies to Revive the Naira Value
In the face of unprecedented challenges posed by the rapid depreciation of the Nigerian naira, the Central Bank of Nigeria ...
Dollar Exchange Allegedly at N900/$ in Abuja
This morning, reports emerged of unprecedented chaos at the popular Bureau De Change (BDC) spots in Zone 4, Abuja. According ...
CBN Orders BDCs to Sell Dollar at N1,269/$ as Naira Maintains Steady Appreciation
The Central Bank of Nigeria (CBN) has instructed Bureau de Change (BDC) operators to sell the dollar at a rate ...
CBN Clears Forex Debt, Triggers New Exchange Rate Expectations
The Central Bank of Nigeria (CBN) has announced the successful clearance of all outstanding forex forward contracts, a move that ...
Naira Strengthens to N1,560.57 Against Dollar on Official FX Market
The naira has surged against the US dollar, now quoted at N1,560.57 on the official market. This upward momentum reflects ...
Nigeria’s Tax Revenue Surges to N3.21 Trillion as Foreign Tax Earnings Double
Nigeria has experienced a remarkable surge in tax revenue from foreign firms, nearly doubling in just one year, according to ...
Naira Strengthens Against Dollar by 5.51% at Official Window
The Nigerian Naira has demonstrated resilience at the official foreign exchange market, closing stronger compared to its performance in the ...
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