Can Nigeria survive naira devaluation, COVID-19 crisis, oil price crash?
Though the Central Bank of Nigeria (CBN) has continued to deny the fact that it had technically devalued the Nigerian naira, financial pundits refused to be confused after all. Whereas many resisted being convinced by choice of words used by…
Open more forex access centres, avoid evening payments to us, ABCON tells CBN
Leadership of the Association of Bureaux De Change Operators of Nigeria (ABCON), the union of licensed bureau de change operators in the country has called for more three payment centres in Port-Harcourt, Ibadan, and Benin by the Central Bank of…
Exchange rates convergence emerging as forex seekers flee BDCs for black market
Preliminary indications are beginning to show that the dream of the Central bank of Nigeria (CBN) in hitting a single rate both for Bureau d’ Change (BDC) and black market operators. Since this week, foreign exchange users are experiencing the…
