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    Dollar not selling at N1,000/$1, BDCs debunk viral post

    Contrary to the report making the rounds on X (formerly Twitter), Bureau De Change operators said there was no truth in reports that the...

    CBN directs BDCs to sell dollar at N1,269

    The Central Bank of Nigeria has disclosed that it will be allocating $10,000 to each Bureau de Change operator at N1,251/$. This was contained in...

    Naira rebounds to N1,400/$ as speculators offload forex

    The naira rebounded against the United States dollar on Wednesday at the official and parallel markets, with the local currency recording a significant gain...

    BDC operators plan mergers, fault mandatory deposit

    The President of the Association of Bureau De Change of Nigeria, Aminu Gwadebe, has said that members of the association would consider mergers if...

    Naira weakens as banks’ dollar sales plunge by $252m

    Dollar sales by Deposit Money Banks and other entities at the Nigeria Autonomous Foreign Exchange Market dropped by $252m to $84.1m on Friday. This represents...

    Naira gains at official market, weakens to N1500/$ parallel market

    The naira gained marginally against the United States dollar on Tuesday, appreciating to N1,499/ from an all-time low of N1,534/$ on the official Nigerian...

    Naira falls to all-time low on official window, trades 1348/$

    The naira fell to an all-time low of N1348.63/$ on the Nigerian Autonomous Foreign Exchange Market on Monday. This signifies a 51.21 per cent fall...

    BDC operators caution currency speculators as naira gains

    The Association of Bureau de Change Operators of Nigeria has warned currency speculators to be wary as the Naira strengthens further against the United...

    Naira slumps further, exchanges 1,190/$

    The naira has maintained its downward trend as scarcity of the dollar bites harder. At the parallel market, naira commenced trading at 1,175/$ and closed...

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    Electricity subsidy removal calls intensify amid rising industry debts

    As it happened with fuel subsidy, the government and major players in the power sector have all agreed on the need to allow customers...

    Tinubu places three-month ban on foreign trips for ministers, others

    President Bola Tinubu has banned ministers, heads of agencies, and other government officials from embarking on public funded foreign trips. The ban will last for...

    Naira rebounds to N1,400/$ as speculators offload forex

    The naira rebounded against the United States dollar on Wednesday at the official and parallel markets, with the local currency recording a significant gain...