Ghana's local currency, the cedi, has recorded marginal gains against major trading currencies, particularly the US dollar, ...

The Bureau De Change (BDC) operators have attributed the recent strong performance of the naira to the implementation of the ...

The value of the Nigerian currency, the naira has recorded another improvement against the US dollar, pound, and euro in the ...

For the first time since 2023, the official and unofficial foreign exchange rates are at par, giving credence to the CBN's ...

The naira's strong performance has continued as the local currency appreciated again to close at N1514/$1 at the parallel market ...

each week for their forex procurement. The Central Bank of Nigeria (CBN) has unveiled new regulations restricting Bureau de Change (BDC) operators to sourcing a maximum of $25,000 in foreign ...

The accumulated forex is being grabbed by the ruling elite ... CDEDI has also challenged the Anti-Corruption Bureau (ACB) and the Financial Intelligence Authority (FIA) to take action, accusing ...

The Central Bank of Nigeria (CBN) has imposed a $25,000 weekly limit on foreign exchange purchases by Bureau de Change (BDC) ...

“Nigeria’s biggest problem with forex”, he said ... the unscrupulous activities of many of the so-called licensed Bureaux de Change operators (BDCs) and their alter ego – the so ...

He was later arraigned by the Lagos Zonal Directorate of the EFCC on a one-count charge related to fraudulent forex transactions. The charge read in part, “That you, Faruk Umar, sometime in ...

The Central Bank of Nigeria has issued new guidelines restricting Bureau de Change operators to purchasing a maximum of ...