The most widely read newspaper in Nigeria
But Mailafia said commercial banks cannot be trusted and would sell the dollar at any rate they wish.
“If we are not careful, that decision will actually worsen the naira value because the BDCs, you could walk into any of them anywhere and within five minutes, they will attend to you but the banks, you have to drive to your nearest bank, you have to queue most of the time.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
81 countries set for central banks’ digital currencies - Punch NewspapersThe most widely read newspaper in Nigeria
Read more »
JUST-IN: CBN Stops Dollar Sale To BDCsThe Central Bank of Nigeria (CBN) has said it will immediately stop sales of foreign exchange to operators of Bureau De Change (BDCs) in the country. The
Read more »
Breaking: CBN Suspends FOREX Allocation to BDCsHalts further processing of BDCs’ application for FOREX, licensing of operators FOREX sale now to be conducted by banks Retains interest rate at 11.5% By James Emejo The Governor of the Centr…
Read more »
Naira falls after CBN stops forex sales to BDCsThe CBN says it will not sell dollars to BDCs because they had become a conduit for illicit forex flows and graft.
Read more »
CBN Suspends Sale of FOREX to BDCs*Halts further processing of BDCs’ applications for FOREX, new licences *FOREX sale now to be conducted by banks *Retains interest rate at 11.5% James Emejo in Abuja Citing various regulatory…
Read more »
BREAKING: CBN bans sales of forex to BDCsThe regulator will henceforth sell dollars and other foreign currencies directly to commercial banks, which have been mandated to sell to Nigerians.
Read more »