Tag: BDCs
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CBN intervenes on FX rates for Customs duty on importation
The Central Bank of Nigeria (CBN), has reviewed the formula for fixing foreign exchange rates for Customs duty on importation.Dr Hassan Mahmud, the Director,...
Why CBN ordered banks to sell off their dollar reserves immediately
The Central Bank of Nigeria (CBN) on Wednesday ordered Deposit Money Banks to offload their excess dollar reserves by February 1, 2024.This is in...
Bureaux De Change Operators Warn Against Speculation As Dollar Exchanges At N461/$
The Association of Bureaux De Change Operators of Nigeria has warned its members and forex speculators putting pressure on the naira to stop the practice or risk losing their money.
