Tuesday, 16th August 2022
<To guardian.ng
Search

CBN to begin sale of forex to BDCs twice weekly

The Central Bank of Nigeria says it would begin the sale of foreign exchange to Bureau De Change Operators twice a week from Monday.

Related

10 Jan 2017
Nigeria's Central Bank plans to meet bureau de change operators today to explore ways to eliminate the gap between the official and parallel market dollar rates.
3 May 2017
The Nigeria Economic Summit Group has been working to support the government's policy response to the foreign exchange crisis and its negative impact on manufacturing and other economic activities.
16 Feb 2018
According to the Nigeria's Debt Management Office's annual report, the country plans to use $483 million to service its foreign debts for the next ten years and will start making repayments from next year.
7 Apr 2018
Nigerians are obsessed with the foreign exchange rate - Dawodu.
16 Feb 2019
The Association of Bureaux De Change Operators of Nigeria is set to launch its live run automation portal that will give some transparency. Aminu Gwadabe, President of ABCON joins CNBC Africa to discuss this.
28 Mar 2019
The Central Bank of Nigeria says its decision to slash the Monetary Policy Rate by 50 basis points was a signal to a new direction of its policy position. Muda Yusuf, Director General of the Lagos Chamber of Commerce and Industry joins CNBC Africa to discuss the wider implications of this new stance.
25 Jun 2019
Governor of the Central Bank of Nigeria, Godwin Emefiele will unveil his 5-year plan for his second term in office later today. Egie Akpata, Director General of Union Capital Markets joins CNBC Africa for the outlook of Nigeria’s capital market this week.
26 Jun 2019
Governor of Nigeria's Central Bank says the apex banks development finance efforts have been driven by the need to reduce reliance on crude as smuggling and dumping over the years have led to a demise of Agriculture. Obiora Madu, CEO of Multimix Group joins CNBC Africa to discuss some developments impacting Nigeria's non-oil exports.
25 Nov 2019
Dennis Olisa, Executive Director at Zenith Bank says one way Nigeria can expand its foreign exchange base is to ensure that export is reinvigorated. He joined CNBC Africa’s Wole Famurewa to discuss this and more on the side-lines of the bank's international trade seminar.
4 Feb 2020
How Suswam transferred N3.1bn to a bureau de change operator
31 Mar 2020
Traders say they expect activity at the bond market to pick up today, on the back of the unmet bids at Wednesday's bond auction as well as the improvement in liquidity. Oluwatosin Ayanfalu, Fixed Income Broker at Zedcrest Capital joins CNBC Africa to review today’s trading at Nigeria’s fixed Income and Forex market.
3 Sep 2020
In a circular, the Central Bank of Nigeria directed that Form M for Letters of Credit, Bills for Collection and other forms of payment should only be opened in favour of the ultimate supplier of the product or service. Reacting to this directive, the Lagos Chamber of Commerce and Industry says while the policy attempts to curb abuses in the foreign exchange market, it would create more problems than it would solve. Muda Yusuf, Director-General of the LCCI joins CNBC Africa’s Christy Cole for this conversation.