BDCs to start weekly publication of black market rates
Nigeria’s money-changers will introduce an exchange rate for the naira to help the central bank combat unregulated trading.
$21b diaspora remittance: The odds against banks
Allegations and affirmed breaches of rules by banks are currently working against their quest to remain the sole administrator of the estimated $21 billion yearly ...
Banks shun CBN’s directive on dollar remittances to bureau operators
Three weeks after the Central Bank of Nigeria (CBN) ordered banks to sell Diaspora dollar remittances to Bureau De Change (BDC) operators, they have remained adamant.
Forex: Interbank, parallel markets’ rates and BDC dilemma
Sources of supply and quantity supplied have remained at the centre of discourse since the beginning of the all-new flexible exchange rate policy. Both have also become strings pulling the rate determination...