Emerging-market currencies surged on the final trading day of the year’s first half, a period otherwise marked by unexpected election outcomes and persistent uncertainty over the...
Zimbabwe, in a bid to stabilize its currency and clamp down on black-market trading, has introduced stringent regulations to penalize individuals and companies found violating the...
In a significant development for Nigeria’s corporate landscape, several major companies have begun to settle their long-standing dollar debts following the Central Bank of Nigeria’s (CBN)...
Japan’s attempts to shore up the yen faced yet another setback as the currency continued its downward spiral despite a late intervention in New York trading....
The Association of Bureaux de Change Operators of Nigeria (ABCON) has expressed its appreciation to the Central Bank of Nigeria (CBN) for the decision to resume...
The Central Bank of Nigeria (CBN) has resumed the sale of foreign currency to Bureau De Change (BDC) operators. However, with this resumption comes a crucial...
Nigeria’s foreign exchange inflow surged to $1.3 billion in February 2024, according to data released by the Central Bank of Nigeria (CBN). The increase represents an...
The Central Bank of Nigeria (CBN) has initiated a significant intervention by allocating $20,000 to each eligible Bureau De Change (BDC) operator across the country. This...
As the Central Bank of Nigeria (CBN) proposes new regulatory guidelines for Bureau De Change (BDC) operators, Nigerian currency traders are contemplating mergers as a potential...
Amidst mounting concerns over the depreciation of the Nigerian naira against the dollar, the Federal Government has unveiled plans to raise $10 billion to bolster liquidity...