CBN to Replace Local BDCs With Travelex

The Central Bank of Nigeria (CBN) is currently proposing to replace Bureau De Change (BDC) operators with Travelex, a global foreign exchange dealer. According to…


Naira Crashes to 300 Against Dollar

Monday’s stoppage of foreign exchange sales to Bureau De Change operators by the Central Bank of Nigeria failed to lift the naira on Tuesday as…

Economic Diversification

Investors Lose N804bn in Seven Days

Equity investors in the country’s capital market in the first seven trading days of the year lost N804tn of their investment worth. Market capitalisation after…