Change Operators (ABCON) -

Naira appreciates to N1,490/$ in parallel market

May 30, 2024 by Francis Abel

On Wednesday, the Nigerian naira saw a notable appreciation to N1,490 against the US dollar in the parallel section of the foreign exchange market. This marks a 2 percent increase compared to the rate of N1,520 reported on May 27. Currency traders, commonly known as bureau de change operators, quoted the buying price of the … Read more

Again, CBN resumes dollar sale to BDCs at N1,021/$1

April 23, 2024 by Francis Abel

The Central Bank of Nigeria (CBN) has announced a $10,000 sale to each licensed Bureau De Change (BDC) operator nationwide. The apex bank has made its second intervention this month. The CBN detailed the action in a circular issued to the President of the Association of Bureau De Change Operators (ABCON). BDCs can purchase dollars … Read more