Tag: BDCs

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CBN Releases List of 882 MFBs, 4,345 BDCs, 35 PMIs, Others

CBN Releases List of 882 MFBs, 4,345 BDCs, 35 PMIs, Others

Eight days after announcing the revocation of the licences of 182 Primary Mortgage Institutions (PMIs), Micro Finance Banks and Finance House across t...
Naira Exchanges At N360/$, As CBN Boosts Retail FX Segment with $318.73m

Naira Exchanges At N360/$, As CBN Boosts Retail FX Segment with $318.73m

The Naira, on Friday, June 29, 2018, exchanged at an average of N360/$1 in the Bureau de Change segment (BDCs) across major trading points in Lagos, A...
Fx Sale: CBN Approves N3/$1 Margin For BDCs

Fx Sale: CBN Approves N3/$1 Margin For BDCs

The Central Bank of Nigeria (CBN), on Monday bowed to subtle protests by the Association of Bureau De Change Operators (ABCON), as it approved an upwa...
CBN Injects $210m Into Inter-bank FOREX Market

CBN Injects $210m Into Inter-bank FOREX Market

As part of its determination to ensure availability of foreign exchange to genuine customers, the Central Bank of Nigeria (CBN), on Wednesday, May 30,...
CBN To BDCs: You Must Access FX Window Thrice Weekly, Or…

CBN To BDCs: You Must Access FX Window Thrice Weekly, Or…

As part of its key functions of foreign exchange stability and to ensure liquidity in the market, the Central Bank of Nigeria (CBN), on Sunday night d...

CBN Licences 150 New Bureaux De Change

In line with its determination to sustain interventions in the foreign exchange segment of the nation’s inter-bank market, the Central Bank of Nigeria...

Stronger Naira: FX Market Gets Further $195m CBN Life-line

As part of its continued efforts to stabilise and then enhance the value of the Naira against other global currencies, the Central Bank of Nigeria (CB...

CBN Boosts Forex Market With $413.5m

The Central Bank of Nigeria (CBN) has intervened in the inter-bank Foreign Exchange market to the tune of $413.5m, further underscoring its resolve to...
CBN Boosts Forex Market With Fresh $190m Injection

CBN Boosts Forex Market With Fresh $190m Injection

• New Circular Allows Dealer-Dealer Fx Sales Without CBN Nod As promised by its spokesman, the Central Bank of Nigeria (CBN), on Monday continued ...
MFBs, PMBs, BDCs Risk Licence Revocation Over Money Laundering, Terrorism Returns

MFBs, PMBs, BDCs Risk Licence Revocation Over Money Laundering, Terrorism Returns

The Central Bank of Nigeria (CBN) has expressed concern over the general low rate at which Micro Finance Banks, Primary Mortgage Banks, Bureaux De Cha...
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